WTIA Applauds Signing of Washington State Blockchain Work Group Bill Into Law

Led by Senator Sharon Brown, Work Group to Look at Potential Purposes for Blockchain Know-how to Profit State Residents and Companies Alike

SEATTLE, March 30, 2022 /PRNewswire/ — Washington Technology Industry Association (WTIA), a non-profit group devoted to fostering a strong, equity-centered know-how sector that empowers thriving communities, as we speak introduced full help for the signing of the Washington State Blockchain Work Group invoice into regulation.

Championed by WTIA and State Senator Sharon Brown, with robust bipartisan help from the Home of Representatives and the Senate, Governor Jay Inslee signed into regulation as we speak the Engrossed Substitute Senate Invoice 5544 that establishes the Washington blockchain work group. This initiative will deliver collectively blockchain stakeholders to look at purposes for blockchain know-how throughout a variety of areas – together with banking and monetary providers, computing, actual property transactions, well being care, provide chain, greater schooling, and public document conserving.

The work group will assist Washington proceed to develop as a world chief on blockchain know-how. The work group will comprise a spread of key stakeholder teams, together with representatives from the legislature, monetary establishments, and commerce associations. The work group will host its inaugural assembly by December 1, 2022 and submit a report back to the Governor on its findings by December 1, 2023.

“Every single day, firms are adopting blockchain know-how to enhance supply of providers,” mentioned Sharon Brown, R-Kennewick and the sponsor of the laws. “This new regulation is a crucial first-step in creating an atmosphere that’s welcoming of latest enterprise prospects, keen to hunt out new purposes, and keen to establish potential supply-chain administration and STEM-education alternatives. I’m happy to see this laws signed into regulation. By creating the Washington Blockchain Work Group we’re sending a transparent message that Washington is able to begin working with the non-public sector to advance this know-how for the advantage of all Washington residents, employers and staff.” 

The Cascadia area is house to lots of startups targeted on know-how leveraging the ledger system, together with app improvement (Atra Blockchain, ArcBlock), blockchain infrastructure (Dragonchain, NEO and ArcBlock), healthcare (Lumedic) and gaming (Legendary Video games). Blockchain has additionally expanded to the enterprise, with Washington-based legacy firms embracing the know-how, together with Amazon Net Providers and Microsoft Azure tapping blockchain as a service, T-Cellular leveraging blockchain for telecommunications and Starbucks using blockchain to help its provide chain and logistics.

“Since its founding, the Cascadia Blockchain Council has been devoted to creating the area a world hub for blockchain improvement. At present represents a serious step ahead in reaching our purpose,” mentioned Arry Yu, Chair, WTIA Cascadia Blockchain Council. “With the formation of the work group, Washington is now positioned to steer the nation on the subject of blockchain and distributed ledger know-how. It has been a tireless few months of labor from the Council and our supporters, and it is rewarding to see our arduous work come to fruition.”

“As a collective voice for the know-how group in Washington state, we have now seen first hand the ability of bringing collectively the non-public and public sectors to unravel issues and use know-how to encourage progress,” mentioned Michael Schutzler, CEO, WTIA. “I am assured the work group will encourage additional collaboration throughout the trade, laying the groundwork to draw future funding and jobs within the state of Washington.”

For extra data on the Cascadia Blockchain Council, go to: https://www.washingtontechnology.org/blockchain/.

Concerning the WTIA Cascadia Blockchain CouncilWTIA Cascadia Blockchain Council helps blockchain firms from Portland, OR to Seattle, WA to Vancouver, BC attain their full potential. The Council serves as the subject material consultants and collective voice to raised advocate for constructive public coverage and educate key stakeholders, particularly buyers.

About WTIAWashington Technology Industry Association (WTIA) is a consortium that features a not-for-profit member commerce affiliation, a not-for-profit tech apprenticeship middleman (Apprenti), and a for revenue company offering enterprise providers (HRBI). The group’s mission is to foster a strong, equity-centered know-how sector that empowers thriving communities. We recruit know-how firms and allies that view range as a aggressive benefit, worth collaboration as important to sustainable progress, and totally embrace the chance to associate with and empower the communities wherein we function.

SOURCE Washington Know-how Business Affiliation