The State of Washington has approved a bill that aims to increase the adoption of blockchain technology across various sectors. State Governor Jay Inslee signed the bill into law. According to reports, the law allowed the formation of the Washington Blockchain Work Group which will now examine the potential of this technology.
Work Group to examine blockchain implication
The work group will be composed of key stakeholder groups, representatives from the legislature, financial institutions, and trade associations. The group will examine the implication of the technology in a wide range of areas including health care, higher education banking and financial services. However, the Blockchain group will host an inaugural meeting by December 1, 2022, after which it will submit a review report to the Governor by December 1, 2023.
According to reports, ten state senators sponsored the bill. However, the bill has its own long story as it was first proposed in 2019. The governor refused to give
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