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State of Wyoming Introduces Bill for Blockchain Filing System
Under the act, the state would implement a new filing system to "use blockchain technology as the the technological framework for the system," by the end of 2021.
Updated Sep 14, 2021, 12:17 p.m. Published Feb 25, 2021, 8:09 p.m.
The U.S. state of Wyoming has introduced a bill for the implementation of a system for company filings that uses blockchain technology.
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- Under the act, the state would implement a new filing system intended to "use blockchain technology as the the technological framework for the system," by the end of 2021.
- The system would be used by companies to reports, data and other information required by law.
- The filing system would also harness APIs while providing necessary security standards through authenticated digital identities.
- The bill invites consultation with interested parties such as businesses, attorneys and registered agents.
- Wyoming has been working to market itself as a blockchain- and crypto-friendly state in a bid to attract companies in this space.
See also: Why Crypto Companies Like Ripple Are Moving to Wyoming
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