Ohio Lawmakers Pitch Their State As a Future Hub for Blockchain

Lawmakers in the U.S. state of Ohio say they are interested in blockchain – but they're still figuring out how to put that enthusiasm into action.

AccessTimeIconAug 24, 2018 at 1:15 p.m. UTC
Updated Sep 14, 2021 at 1:48 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Lawmakers in the U.S. state of Ohio say they are interested in blockchain – but they're still figuring out how to put that enthusiasm into action.

At a press conference on Aug. 23, Ohio House of Representatives Speaker Ryan Smith convened a group that included lawmakers, business owners and academics to discuss the Buckeye State's intent to attract both blockchain developers and companies.

Though no specific legislation related to blockchain was proposed, Smith said that he saw the technology as widely applicable in the public sector, including uses cases like the storage of birth certificates and marriage licenses in order to make those kinds of data more secure.

Furthermore, Smith contended that by working with universities closely, students can hone their expertise on blockchain before they graduate and start their careers. Ultimately, he is seeking to position Ohio as a possible hub for companies working with the tech.

Smith said:

"Because this is so new and this is just beginning to take shape, we can position Ohio out front."

As CoinDesk reported previously, Ohio introduced a bill back in May which sought to treat blockchain data and smart contracts as electronic records, as an effort to make the state a safe harbor for blockchain.

That measure was ultimately approved and signed by Gov. John Kasich, making Ohio one of a growing number of states that recognize the legal status of data stored on blockchain.

Ohio state capitol image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.