New Jersey brings blockchain task force programme into law

Phil Murphy, the governor of New Jersey, has signed two bills which would bring about a blockchain initiative task force into law.

The bills, 2297 and A5111, will establish the New Jersey Blockchain Initiative Task Force and create the Innovation District Designation Program respectively.

The task force will not only just be focusing on blockchain technology alone, but will also highlight the opportunities and risks associated with use of blockchain and distributed...

Canadian city to allow Bitcoin payments through Coinberry collaboration

Canadian digital currency platform Coinberry has started negotiations with the City of Richmond Hill in Canada in order to provide a cryptocurrency payment processing solution. This comes after the council voted last week in favour of entering into an agreement with Coinberry, to provide an option for property tax payment in Bitcoin for residents and businesses of the City of Richmond Hill.

This announcement also marks Coinberry’s second municipal partnership within six months,...

Voatz raises $7 million to help push mobile blockchain voting platform

Massachusetts-based voting and citizen engagement platform Voatz has accumulated a total of $7 million (£5.53m) in its latest series A fundraising round. The fundraiser - led by Medici Ventures and Techstars - will help Voatz to boost the accessibility and usability of its technology and expand its security footprint, as the company launches new pilot programmes with states, cities, and international jurisdictions.

The Voatz platform, which uses biometrics, encryption, and...

Government blockchain initiatives take hold in New Zealand and South Korea

BlockchainNZ, a blockchain industry group based in New Zealand, wants the country to consider the benefits it can derive out of the disruptive technology and allow its specialists to work together with the government to formulate a strategy concerning the use of cryptographic technology.

According to the industry group’s press release, it will be requesting a national blockchain strategy from the government on May 30. Moreover, BlockchainNZ’s executive director Mark Pascall...

Liechtenstein passes new blockchain regulation

Liechtenstein has passed a report and motion to regulate tokens and VT service providers (Token and VT Service Providers Act, TVTG), defined as the ‘blockchain law’.

Considering the rapid evolution in blockchain and its application areas, it is essential to define a law that is practical and remains valid for the future generations of the technology – which is why the new regulation uses the term “transaction systems based on trusted technologies (VT systems)” for...

Report shows how ‘Brexit on the blockchain’ could have avoided UK political turmoil

A new study has explored the process of putting Hansard, the official record of proceedings in the UK parliament, onto the blockchain – and concluded that it could have had ramifications for the Brexit process.

The report, titled ‘Assessing Practical Regulations Impacting Longstanding Frameworks Of Optimal Legislation’, found that blockchain technologies could theoretically be beneficial in providing greater transparency and accountability into British politics.

If...

Switzerland wants to accommodate crypto within existing financial laws

The Swiss Government believes that its existing financial laws are compatible to deal with new technologies like the 21st century’s most talked about distributed ledger technology (DLT) – the blockchain. And that is why the country’s Federal Council recently issued a report that outlines a legal framework for distributed ledger technology (DLT) to be included in the current financial system.

In the report, the council has proposed an amendment to the country’s securities...

Don’t be concerned about the ‘r’ word – or, why governments shouldn’t avoid blockchain

Data’s everywhere. It’s what binds the modern world together. It’s the basis for businesses and governments and how they operate; and no entity is more hyper-focused on the handling of data than a government or government agency. One could argue that businesses have more to lose by mishandling their clients’ data, but remember that the sole purpose of a government is to serve its people, and that’s why they create laws and regulations to enforce the handling, collection, and...

Is the proposed Swiss blockchain more secure than Bitcoin?

Postal and telecom services in Switzerland seem determined on developing a ‘national’ blockchain in an attempt to hire locally run businesses to convert to distributed ledger technology (DLT).

For this project, Swiss Post and Swisscom have joined hands to create a completely private Swiss blockchain to launch locally operated ‘decentralised’ applications.

Unlike usual blockchains, it is said that the proposed Swiss blockchain would be more centralised; meaning...

China Cyberspace Administration tees up to make blockchain censor-ready

China’s Cyberspace Administration, the main agency enforcing its hard line on censorship, has laid out plans to regulate blockchain companies operating in the country. As reported by South China Morning Post (SCMP), under the proposed new rules users of blockchain services would be required to register their real name and national identification card numbers. Blockchain information service providers themselves would be required to censor content deemed a threat to national security,...