blockchain

Blockchain bytes: a selection of news from around the web

Although much blockchain development takes place in the private sector, states and government funding agencies are also advancing the technology through legislation, pilot projects and research.

The California state legislature passed Assembly Bill 2658 on Aug. 27. The bill defines blockchain and establishes a working group to evaluate the technology's use in state government and California businesses.  The new working group will look into the risks, benefits, legal implications and best practices surrounding distributed ledger technology and report back to the legislature.

In Vermont, Gov. Phil Scott signed Senate Bill 269 into law to focus attention on the state's support for blockchain businesses. The law allows for the creation of blockchain-based limited liability companies and orders the Department of Financial Regulation to review the technology's potential for insurance and banking applications and consider areas for potential adoption along with any necessary regulatory changes.  It also creates a study for the potential use of a distributed ledger in government records.

The Vermont legislation also allows blockchain company Propy to continue its work to secure property transactions. As part of a pilot program, Propy worked with South Burlington and Burlington to record government-supported real estate deals on a blockchain. The company plans to expand its pilot to other small towns in Vermont.

SafeChain, a startup based in Columbus, Ohio, is working with the auditor’s office in that state's Franklin County to test blockchain technology for record the sale of 37 properties in a forfeiture auction, according to the Columbus Dispatch.  After a property is sold, SafeChain will add a barcode to the paper record, which the buyer can scan to retrieve the relevant documents on a permissioned blockchain.

The National Science Foundation awarded a $818,433 grant to researchers at the San Diego Computing Center to develop Open Science Chain, a blockchain-based platform that allows researchers to efficiently access and verify data collected through science experiments.

NSF also awarded a grant for $191,245 to researchers at Carnegie Mellon University addressing the challenges the writing high-assurance smart contracts.  They're developing a new high-level language called Solidified that allows a programmer to express both the intent of the contract and its design constraints. 

About the Author

Sara Friedman is a reporter/producer for GCN, covering cloud, cybersecurity and a wide range of other public-sector IT topics.

Before joining GCN, Friedman was a reporter for Gambling Compliance, where she covered state issues related to casinos, lotteries and fantasy sports. She has also written for Communications Daily and Washington Internet Daily on state telecom and cloud computing. Friedman is a graduate of Ithaca College, where she studied journalism, politics and international communications.

Friedman can be contacted at sfriedman@gcn.com or follow her on Twitter @SaraEFriedman.

Click here for previous articles by Friedman.


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