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Lawmakers Crafting Bill to Promote Blockchain in Vermont

Monday, April 16, 2018   (0 Comments)
Posted by: Jeff Couture

Lawmakers in the Vermont House are working on a bill that could pave the way for businesses and other organizations in the state to use blockchain technology.

Blockchain is widely known as the technology underlying cryptocurrencies, such as Bitcoin.

But tech experts and politicians see opportunity to apply blockchain to a variety of other industries. They also recognize a possible opening in Vermont to boost economic development by making it easier for businesses to harness the technology.

A bill passed by the Senate last month, S.269, takes up that charge and is now being broadened in the House Committee on Economic Development.

The House committee’s draft of S.269 would allow companies that use blockchain technology “for a material portion of its business activities” to form blockchain-based limited liability companies.

Read the full article at VtDigger.

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