Blockchain Data Now Has Legal Bearing in the State of Ohio

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Governor John Kasich from the Midwestern state of Ohio signed a bill this week that formally recognizes data recorded on a blockchain and electronic signatures as having legal bearing in a court of law. The state joins Vermont and Arizona, two states that have already passed laws that recognize blockchain-based transactions. Also read: Philippines Building Crypto Valley of Asia Blockchain Records Now Recognized in Ohio Law Lately, politicians from many of the states in the US have been talking about how to handle blockchain technology and cryptocurrency transactions. About a month ago bureaucrats from Ohio ushered in a new bill (SB300) that would acknowledge blockchain ownership. Since then a fraction of the bill made its way into the state’s Uniform Electronic Transactions Act which states: A record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record.   The Jobs Ohio financial services managing director, Valentina Isakina, believes Ohio lawmakers have made the right decision to include blockchain in this legislation. “Many companies looking to expand their blockchain and R&D operations are rapidly growing job creators, and Ohio is now even more attractive to these businesses,” Isakina explains.    Senator Matt Dolan who introduced the original bill stated: 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. Senator Matt Dolan and the group Jobs Ohio believe laws…
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