The Colorado Senate is considering a bill that would direct the state to explore the use of blockchain technology to safeguard its sensitive data from malicious attacks and improve government operations.
Senate Bill 86 is a bipartisan piece of legislation that was introduced Tuesday to cut paperwork and tighten security across Colorado agencies. The bill hopes to use blockchain, a distributed ledger technology behind cryptocurrencies like bitcoin, to reduce the amount of paper records and in-person transactions, while keeping its data secure.
The bill states that portions of Colorado state government suffer from an outdated process that leaves many records unsecured and vulnerable to incidents of personal identity theft.
