Vermont Approves Blockchain Impact Study
The governor of Vermont has signed a bill that mandates a study on how blockchain tech will impact the state.
Jun 13, 2017 at 4:35 p.m. UTC
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The governor of Vermont has signed a bill that mandates a study on how blockchain tech will impact the state's job market and ability to generate revenue.
The bill approves a study, due be delivered by 30th November, that will include "findings and recommendations on the potential opportunities and risks presented by developments in financial technology" including blockchain. Vermont governor Phil Scott signed the measure into law on 8th June.
State lawmakers finalized the measure in May, coming months after it was first introduced in March. The bill's authors struck a proactive note in the text, suggesting that the tech could lead to new opportunities for Vermont.
They wrote:
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The study is set to be prepared by a working group that includes representatives from the Vermont Attorney General’s Office, the Department of Financial Regulation and the Vermont Law School’s Center for Legal Innovation.
Vermont State House image via Shutterstock
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