blockchain (Sotnikov Ivan/Shutterstock.com)

Colorado bullish on blockchain

A bipartisan bill in Colorado encourages state agencies to explore blockchain solutions in new and existing IT projects to secure data, eliminate redundancies, prevent fraud and save money.

It charges the chief information security officer, the director of governor's office of information technology and other officials with protecting "state records containing trusted sensitive and confidential information from criminal, unauthorized, or inadvertent manipulation or theft." The officials must annually assess the readiness of each public agency's data systems for adopting distributed ledger technologies such as blockchain.

The Colorado Department of State is directed to consider the use of distributed ledger technology to ensure the integrity of business licensing records and to secure data that it shares with other agencies.

The bill also specifies that institutions of higher education may include distributed ledger technologies within their curricula and research and development activities.

Distributed ledger technology could be used in voting systems for Colorado residents serving in the military overseas, or it could provide a public identification key that could be used at any state agency, Sasha Shtern, the founder of an investor group called Blockchain Angels, told the Denver Post. The Colorado blockchain community is willing to help where it can, he said, and the government should reciprocate the blockchain community’s support.

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