Three years and one veto after it was first proposed, Washington state Governor Jay Inslee has signed a bill into law Wednesday that aims to expand the state’s adoption of blockchain technology across various financial and industrial sectors.
The law saw Governor Inslee order the formation of the Washington Blockchain Work Group, which will “examine various potential applications for blockchain technology.” The Work Group will be composed of seven government officials and eight leaders of various trade associations across the state. It will study the practical applications of blockchain technology and present a report on its findings to Governor Inslee by Dec. 1, 2023.