Washington Passes Bill to Expand Blockchain Adoption


March 31, 2022

Reading Time: < 1 minute

After 3 years of turbulent history at the Washington state’s legislature, the northwest pacific state’s governor has finally passed into law, a working group to explore the opportunity in crypto space.

In their quest to grow as a global leader in blockchain technology, the Washington state will now have a blockchain working group, an initiative meant to bring together blockchain stakeholders and look into the technology’s applications across wide range of areas like computing, supply chain, health care, banking and financial services, real estate transactions, higher education and public record keeping, present its findings to the state governor, Jay Inslee by December 1, 2023.

However, the workgroup will comprise seven government officials and eight leaders of various trade associations in Washington. The bill was originally proposed by the Republican senator, Sharon brown who said, “Every day, companies are adopting blockchain technology to improve delivery of services,” he furthered by saying;

This new law is a vital first-step in creating an environment that is welcoming of new business prospects, eager to seek out new applications, and willing to identify potential supply-chain management and STEM-education opportunities.”

As time passes, more adoption of blockchain technology is increasing, with Washington the latest among the states in the US to seek the opportunities in blockchain technology.

New York has been the leading state in Bitcoin mining, contributing about 19% of the country’s hashrate. Texas, also preferred for crypto mining due cheap electricity and abundance of land for mining centers, it contributes about 14% of the US hashrate.

Wyoming is the home of Kraken’s bank crypto exchange, the state has acknowledged Decentralized Autonomous Authorities (DAO).

Hone your trading skill with information and education from Mycryptoparadise, use PRO5% as your promo code for premium membership, join our telegram channel through this link.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments

Start earning profit

We aim to provide our ParadiseMembers with as much information as we can to ensure to maximize long-term profit, no matter if we are in a bullish or bearish market. We are a large scale cryptocurrency community providing you with access to some of the most exclusive life changing cryptocurrency signals, analysis, guidance and much more

Trade crypto like a pro

Related Posts…