New York Assemblyman filed four Blockchain technology bills

Nishanth Shetty

December 5, 2017 7:52 am

New York Assemblyman Filed Four Blockchain Technology Bills | Coindelite News
33249 Total Views

Blockchain News

New York Assemblyman Clyde Vanel (D-33) has filed four proposed laws that aim to promote research on the concrete possible applications of the Blockchain Technology by the state government.

The bills will create a legal language for the technology below the state law and advance the studies around its possible uses for the local and state elections, including the verification of the voter’s tallies.

Brief details of the bills

The first bill filed by Vanel will revise the state’s technology law to add sections that will provide the definition of the terms “Blockchain technology” and “Smart Contract” and as well as to provide a legal understanding for the digital signatures that are stored on a Blockchain.

The second bill will instruct the state’s board of elections to conduct a study and evaluation of the use of the technology to secure voter records and the results of the elections. The study, which will be conducted in one year, will evaluate whether a Blockchain platform is effective in limiting or preventing voter fraud, improving the cybersecurity around digital voting platforms, maintaining the better voter records, and efficiently sharing the election results.

The third bill calls for study and assessment that the Blockchain platform can be used to store government records and provide information efficiently and rapidly for setting up Task Force. Bill requires the workforce to conduct at least one public hearing during its study and submit the final report on or before January 1, 2019.

The fourth bill instructs the creation of the virtual currency task force that will examine the possible effect(s) of the digital currencies in the state’s financial markets.

Base on the public records, three of the bills are already used by a legislative committee that is related to the government options.

No Comments