Ohio’s Gov. John Kasich Friday signed a legislation which enables people to use blockchain technology for new problems or uses. Ohio is among one of the first states to have a legislation for usage of blockchain technology.
One of the features of blockchain is “Impossible to manipulate data.” It means alteration of data isn’t allowed without permissions from all nodes in the network. The new legislation would allow people to save and secure electronic records in an array of industries, from financial services to supply chain management, real estate and medical records said JobsOhio in the announcement.
Valentina Isakina, Financial services managing director at JobsOhio says, “In Ohio, blockchain innovators can thrive in their efforts to develop new products and applications for the financial industry and beyond.” She also adds, “Many companies are looking to expand their blockchain and R&D operations and are rapidly growing job creators, and Ohio is now even more attractive to these businesses.”
State Sen Matt Dolan says, “In order for Ohio to compete for new investments and jobs, we must welcome innovation, new technology and advanced energy. Embracing blockchain technology is a step forward to achieve these goals.” Mr. Matt also happens to be the one who introduced Ohio’s bill.
Earlier we reported about Jamie Dimon, Chairman and CEO at J.P. Morgan Phase telling “Blockchain is real, we’re currently testing it and will be using it for a whole lot of things,” then, a news about Turkey’s BlockchainIST, one of the first university-level center for research on blockchain broke out. We also published a report which would allow the financial institutions to save $29 billion annually by 2030.
