New York Assemblyman filed four Blockchain technology bills

Nishanth Shetty

Nishanth Shetty

December 5, 2017 7:52 am

New York Assemblyman Filed Four Blockchain Technology Bills | Coindelite News
32423 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
Accenture Partners with Thales to Bring Blockchain to the Aerospace Industry

Accenture, the Dublin-based global consultancy firm has struck a partnership with Thales Group, a French multinational aerospace firm. As per the press release from July 16, 2018, this move was planned to integrate blockchain technology to the aircraft supply chain. The blockchain will be based n Hyperledger Fabric that will …

American Express Believes Blockchain Could Help Prove Payment System

  Credit card giant American Express is on a quest for better means of proving when transactions happen and a new patent filing hints that they might be looking at blockchain as a part of a possible solution. In a patent application issued by the U.S. Patent and Trademark Office …

American Express is Eyeing on Blockchain Based Proof-of-Payments Technology

  American Express has filed a patent application for blockchain proof-of-payment system. American Express isn’t an institution new to the blockchain. Throughout the past few months, we have noticed the financial services company support the blockchain very publicly. Lately, the company deployed Hyperledger’s blockchain technology to update its Membership Reward …

Bitmain to Become a Majority Stakeholder in Opera Internet Browser

Opera Ltd is the company behind the Opera and Opera mini browsers, which have garnered praise for impressive loading speeds and data-saving features. Opera was founded in 1994 in Norway when the internet we know today was still in its infancy. This browser was released on Microsoft Windows in 1996.  …

Pirate Bay is Moving Towards Cryptocurrency Mining to Generate Revenue

Pirate Bay, one of the most prominent torrent sites in the world got accused of sourcing CPU resources from its visitors. This move was carried out as an alternative means of revenue generation. Pirate Bay employed scrips that used the visitor’s computing power to mine Monero (XMR) – A move …

Elon Musk Praises Crypto-scammers on Twitter for their “Mad Skillz”

  Ever since Cryptocurrency first came into existence, there has been no shortage of scams and duping. In fact, people are conned out of thousands of dollars every day. Twitter has been a preferred place for scammers to introduce spambots that have been wildly successful in convincing users to part …