Copy link
Increase text size
Decrease text size
Link copied

Rhode Island could run entirely on blockchain soon

Blockchain.Credit: FlyerDiaries.com/Flickr

Sat, 15 Jun 2019, 06:46 am UTC

Governments becoming interested in implementing blockchain in their operations is old news. It has been well-established, at this point, that the system is far more secure and efficient than what most agencies are using. Now, Rhode Island is thinking that perhaps it is time to put its plans into action of allowing blockchain to run its entire government.

The move is detailed in a recent purchasing proposal submitted by the state with the aim of exploring the viability of using blockchain. Liz Tanner, the Director of the Department of Business Regulation recently made a statement clarifying the state’s stance on the technology.

"Rhode Island aims to be a leader in government efficiency and innovation and we believe exploring the possibilities of blockchain technology is a step toward modernization in government," Tanner said. "This will encourage blockchain businesses to demonstrate their value to government entities, and I encourage blockchain-based businesses to consider Rhode Island to test blockchain technology within the government."

Rhode Island is the second most populated state in terms of density in the U.S. Having blockchain run its systems would certainly allow for better efficiency and increased functionality. The proposed uses for the technology include “antifraud, contracts, medical marijuana, records, notarization, registration and licensing, investigative evidence control and more.”

If the state is successful in implementing blockchain when running some of its most crucial functions, other states could soon follow the example. This could then lead to a nation-wide adoption movement, which would then allow for a global movement. The U.S. could be the leader in blockchain governmental adoption and become proof that the technology is perfect for such uses.

As of now, there are no specific plans in place as to how blockchain would be implemented in Rhode Island governmental affairs. Rather, this was simply a means of starting the conversation and drawing in the bidders who will then come up with ways to integrate the technology into existing systems.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,124.34 (+2.56%)
  • Ethereum (ETH) $175.93 (+3.11%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $349.71 (-6.65%)
  • Bitcoin SV (BSV) $257.37 (-6.58%)
  • Bitcoin (BTC) $9,124.34 (+2.56%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft