Published On: Sun, Feb 5th, 2017

Hawaii Recommends Passing Bill For ‘Educated’ Blockchain Regulation

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Two Hawaii politicians have submitted a bill calling for a dedicated Blockchain research group and “an educated and measured approach” to regulation.
Blockchain to ‘Benefit Local Businesses and Residents’ in Hawaii
House Bill 1481, sponsored by democrats Chris Lee and Mark Nakashima, is currently awaiting approval by state legislators after submission January 25.
State committee members considering it have already suggested it should be passed, subject to certain amendments which have yet to be made clear.

The two advocates wish to expand the use of Blockchain technology in the state to consolidate its tourism economy and create more wealth locally.
“…The purpose of this Act is to establish a working group consisting of representation from the public and private sectors to examine, educate, and promote best practices for enabling blockchain technology to benefit local industries, residents, and the State of Hawaii,” the official text reads.
Cross-Sector Consultation
The working group would consist of governmental and industry figures, each with expertise in a major segment of the Hawaiian economy. Not just tourism, but real estate, healthcare, transportation and cyber security would be represented, among other sectors, the Bill states.

Members’ joint goals would be to & …

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