The Governor of New Jersey, Phil Murphy, is everywhere in the latest cryptocurrency news for signing the bill 52297 and with this giving the green light to create a so-dubbed New Jersey Blockchain Initiative Task Force. As the governor noted, the main purpose of this task force will be to study blockchain solutions for the benefit of the state.
The news have spread like wildfire on many best cryptocurrency news sites – especially because Murphy is one of the people who has not been known for his stance towards blockchain. Also, an official announcement of the state of New Jersey’s website confirmed the plans. Published on August 8, the press release shows that the taskforce will study all the risks and rewards when it comes to blockchain and distributed ledger technology (DLT).
From public to private blockchains as well as consensus algorithms, it seems like the New Jersey governor is interested in all kinds of current projects and use cases around the world and their potential in the state. He is also thinking about laws that could be changed for secure and paperless record keeping.
At this point, the creation of a task force monitored by the New Jersey governor is the next logical step. The task force, as the press release shows, will contain 14 members who are appointed by officials in different parts of the government.
The group will also have 180 days after it convenes to report on its findings – and will likely include a cost-benefit analysis of introducing blockchain technology into government agencies – plus the force’s recommendations on implementing these solutions. As the coming altcoin news show, the New Jersey governer appointed the states Chief Technology Officer Chris Rein to head the new task force.
Rein remarked and said that he was “excited to evaluate and help shape how our state government can best use, and optimize, blockchain technology.” Still, what is more important is the statement of the Senator James Beach, who sponsored the bill. Beach commented on how he feels confident that blockchain has a place in the local government as a type of security measure:
“In an age where digital information needs protecting, blockchain is a technological innovation that will protect us from hackers and those seeking to steal our information […] I believe that whatever the taskforce decides, there is a place for blockchain to be used in local governments to protect them from the ever increasing dangers of the Internet,” the Senator noted.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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