California could finally be on its way to embracing blockchain technology with a new bill introduced in the US state.
The bill – SB 838 – would allow blockchain to be included in formal documentation, aka articles of incorporation, across California. It has been presented to the Senate Banking and Financial Institutions Committee, which represents a first step towards embracing the technology.
Senator Hertzberg said in a press release: “The world around us is changing, and government must adapt with these rapidly evolving times. California needs to continue our legacy of taking on new and developing technologies, especially ones like blockchain, which is embraced worldwide and presents a strong level of security that is resistant to hacking.”
The release also calls blockchain “the future of the financial industry, government contracts, stock certificates and more,” which is an encouraging attitude from the Senator and others regarding blockchain’s legitimate and widespread use.
If successful, this bill will be heard in the Senate Judiciary Committee in early May.