Blockchain Legislation Advances in New Jersey

Blockchain LegislationBlockchain legislation is moving forward in New Jersey, but will the public and private sectors embrace its usage? The public sector typically lags the private sector in technology adoption, but perhaps new blockchain legislation will spur both sectors forward and keep New Jersey at the vanguard of emerging technologies:

“A legislative package focused on blockchain technology and its use by private companies made its way through the Assembly Science, Innovation and Technology Committee. The Assembly Science, Innovation and Technology Committee released a legislative package focused on blockchain technology and its use by private companies, as well as exploring the use of it in government record-keeping. Blockchain technology, which entails the use of encrypted data that is exchanged between parties, and is the underlying structure of cryptocurrencies….”

Read: Blockchain legislation takes step forward at ROI-NJ

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