New Jersey Gov. Phil Murphy (D) signed a pair of bills aimed at expanding the use of blockchain and distributed ledger technology in the Garden State.
The first measure, SB 2297, creates the New Jersey Blockchain Initiative Task Force, which will study both public and private types of blockchain, and how the cutting-edge technology can be implemented in state government. It is expected to study case histories and developing uses from other states and around the globe.
The group will have 180 days from its start date to report on its findings, which will be expected to include a cost-benefit analysis and recommendations on implementing it into current government systems.
Murphy also signed AB 5111, which will create the Innovation District Designation Program, and effort intended to promote development or redevelopment in a way that fosters collaboration between businesses, government and higher education. (NJSPOTLIGHT [NEWARK], NEW JERSEY GOVERNOR’S OFFICE)