Rhode Island to Explore Several Blockchain Use Cases

Wilfred Michael 

Wilfred Michael

News reporter

14 June 2019,
19:09
Rhode Island to Explore Several Blockchain Use Cases

Rhode Island, the second most dense U.S state by population, is silently laying a strong foundation to become the country’s leading jurisdiction for blockchain technology applications.

The State’s Government recently issued a request for proposals inviting members of the blockchain industry to submit proofs of concepts that lead to the adoption of the technology to improve government operations.

Aside from other peculiar use cases, the Rhode Island government specifically seeks proof-of-work concepts that include “antifraud, contracts, medical marijuana, records, notarization, registration and licensing, investigative evidence control and more.”

The State believes that by collecting a variety of proofs of concepts, it can gain a better understanding of the maturity of blockchain platforms and determine how it can harness the technology to sustain its operations.

Speaking in the release, Liz Tanner, Director of the Department of Business Regulation, expressed confidence that blockchain technology represents a significant “step toward modernization in government.”

Tanner also hoped that the call for proposals would turn out successful or at least achieve excellent results such as encouraging “blockchain businesses to demonstrate their value to government entities.”

For the Rhode Island government, a successful result would be discovering through the submitted proposal, ways that it can enhance efficiency, transparency, accuracy, security, and business-friendliness in its operations.

Interestingly, seeking blockchain proof of concepts is not the only way that the jurisdiction is encouraging the growth of the emerging industry.

In March, we reported that lawmakers in the State sponsored a bill to exempt some cryptocurrencies from securities law, a significant challenge currently facing crypto startups in the United States.

Earlier this month, the Rhode Island Senate recommended a further study on the bill mentioned above, with the State’s blockchain-friendly approach now raising hopes that the bill will likely become law soon.

 

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