The U. S. state of Washington has passed a bill that acknowledges and protects the status of electronic records regarding distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into impact by Governor Jay Inslee on Apr 26.

The original version of the bill had its presentation by the Washington state legislative assembly on Jan twenty five, 2019. The bill has currently passed with 96–1 and can come in effect in late July.

The new law has a clause which prevents discriminating against electronic records which have in some way been part of a distributed ledger:

“An electronic record may not be denied legal effect, validity, or enforceability solely because it is generated, communicated, received, or stored using distributed ledger technology.”

The bill also provides legal definitions for the terms “blockchain” and “distributed ledger” that can be referred to moving forward.

The Tennessee assembly made a comparable move in March 2018, when Governor Bill Haslam marked a bill that "'perceives the legitimate specialist of blockchain innovation and savvy contracts in directing electronic exchanges,'" as indicated by its outline.

As Top Market Group recently detailed, Ohio has as of late presented a bill that additionally is identified with the utilization of disseminated records. In this case, House Bill 220 intends to enable the legislature of Ohio to execute blockchain-helped arrangements. For example, blockchain could enable the state government to promptly track and share distinguishing data, for example, vehicle titles and licenses.

To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube,  Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now