By becoming blockchain-friendly, Ohio is hoping to attract businesses relying on the technology, which could open the doors for further job creation as well as capital investments from domestic and foreign sources.
“In order for Ohio to compete for new investments and jobs, we must welcome innovation, new technology and advanced energy. Embracing blockchain technology is a step forward to achieve these goals,” said State Senator Matt Dolan, who introduced the bill.
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Arizona passed a bill last year that recognized the legal status of data stored and transacted using blockchain technology. Elsewhere in the United States, California introduced Bill 838, which is still pending approval while Nebraska and Florida have postponed their respective efforts to move forward with blockchain legislation.
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