Washington State Signs Bill to Study Blockchain Technology


On Wednesday, Washington state Governor Jay Inslee signed a bill declaring that the Pacific Northwestern state will study the benefits of blockchain technology in key industries.

In particular, the Senate Bill 5544 will see multiple stakeholders across the blockchain industry examining use cases across the banking and finance sectors. Other areas of interest include real estate, healthcare, higher education, computing, and governmental record-keeping.

In February, the bill was approved by the Senate Environment, Energy and Technology Committee, passed by the Rules Committee and greenlit by the state Senate floor. The bill was sponsored by ten senators: Sen. Sharon Brown, Sen. Perry Dozier, Sen. David Frockt, Sen. Robert Hasegawa, and Sen. Mark Mullet.



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