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ARTICLE · 26 JANUARY 2018

Colorado Senate Bill Proposes Utilizing Blockchain Technology To Improve State Government's Operations And Cybersecurity

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The bill seeks to address such inefficiencies and threats through distributed ledger technology.

United StatesTechnology
Tiffany Quach
Tiffany Quach
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The Colorado Senate is considering a bill to utilize blockchain or other distributed ledger technology for a variety of purposes, including to improve the state government's operations and cybersecurity.

Senate Bill 18-086 (which was introduced on January 16, 2018) focuses on exploring a number of "transformative improvements" that distributed ledger technologies can offer to state governments, including reducing fraud in state-controlled programs, mitigating risk through improved risk evaluation and quantification, and enhancing cybersecurity and protection of personal information.The bill highlights inefficiencies in the Colorado state government's existing practices (such as paper-only records and individual agencies' isolated data repositories that are difficult for other government entities to access), as well as threats posed by identity thieves who target public records in order to penetrate corporate records or steal personal information. The bill seeks to

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