Ohio recognizes the backup of information in blockchain
The local Senate will put into force a law that establishes the blockchain as a way to store data
Thanks to a law introduced and recently approved in Ohio, authorities will now recognize the information stored and shared through blockchain technology.
According to the legislators, this project was born with the objective of taking advantage of the benefits of technology and smart contracts for their use in electronic registries, in order to guarantee greater security.
Part of what the law (SB 300) describes was incorporated into the legislation (SB 200), which was approved by the state Senate in June and finally signed by the governor of Ohio to make it official this coming Friday.
The law was called Ohio’s Uniform Electronic Transactions Act, which states that “a registration or contract secured through blockchain technology is considered an electronic record.”
Also, the Senate assured that the electronic signatures generated by the blockchain technology will be considered completely legal.
On the other hand, the state of Arizona also approved a regulation that will recognize the legal status of the information stored and shared through blockchain, while politicians in California are working on a similar law since February. However, Florida and Nebraska would have postponed their laws indefinitely.
K. Tovar
Source: Dayton
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