Ohio Governor John Kasich signed on Friday a bill that sets a legal framework for the use of blockchain, making the state one of the first in the US to officially recognize the use of Distributed Ledger Technology (DLT) in various industries, including financial services, real estate, supply chain management, and healthcare.
It is not the first attempt to give blockchain a legal context. In May this year, Ohio Senator Matt Dolan proposed another bill SB300, but it failed to advance in the state legislature. However, parts of that bill were used as amendments in the new SB220 bill, which has been already voted on August 3.
The adopted bill determines the definitions of electronic records and electronic signature:
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This article appeared first on Cryptovest
