Bill Passed in Colorado for Gov’t Data Protection and Cyber Security Using Blockchain

The SB 18-086

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The Senate in Colorado on May 7 was involved in the bill passing involving the use of Blockchain technology primarily for cybersecurity and also for record keeping.

The Senate Bill (SB) 18-086 needs the governor’s office of OIT (office of information technology), regulatory agencies department and also the state department to make considerations of the use of encryption methods and also the Blockchain technology for the protection of private and confidential state related records from the unauthorised, criminal and the inadvertent theft and manipulation.

Therefore, according to the outline, there are threats in regard to data connected to the government which Blockchain can evade;

“In 2017, the cyber threat to the Colorado government included six to eight million attempted attacks per day […] There are increasing threats to the theft of […] information within government data [and to] networks. […]

The expanded use of distributed ledger technologies, such as blockchains, may offer transformative improvements to data security, accountability, transparency and safety across dispersed state departments and jurisdictions.”

Therefore, the state-based organizations and departments have a requirement to annually assess the data programs which are related to all public agencies under their control. This is for the costs and also the benefits of the adoption of the Blockchain technologies.

SB 18-086 also offers encouragement to the higher education organizations to ensure that they have included in their curricula the Blockchain technologies and also learn them in their research activities.

Therefore, the bill gives a suggestion that the Blockchain based technologies offer great solutions for the connection of technology, society and also the finances by “supporting the mapping of human action to transactions performed on the internet,” and at the same time maintaining the required privacy.

The various states are involved in the passing of the positive cryptocurrency and Blockchain based legislation. Earlier in March, Tennessee was involved in the recognition of Blockchain technology legal use and also the use of smart contracts for electronic transactions. A bill which then allowed the various organizations to share data by the use of Blockchain was signed in Arizona State in April. In that same month, Arizona was involved in the passing of a bill to allow residents to pay their taxes by the use of cryptocurrencies.

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