Phil Murphy, the governor of New Jersey, has signed two
bills which would bring about a blockchain initiative task force into law.
The bills, 2297 and A5111, will establish the New
Jersey Blockchain Initiative Task Force and create the Innovation District
Designation Program respectively.
The task force will not only just be focusing on
blockchain technology alone, but will also highlight the opportunities and
risks associated with use of blockchain and distributed ledger technology,
types of blockchains – both public and private – as well as consensus
In less than 180 days of the initial meeting, there
will be a report issued from the task force, which would include the benefits
and costs of government agencies utilising blockchain technology and
recommendations concerning the feasibility of implementation.
“Growing New Jersey’s innovation economy will take
more than just new and smart government policy. It will also require new and
smart infrastructure that enables businesses and governments to work with
greater speed and efficiency, as well as a collaborative way of thinking that
includes government, higher education, and the private sector,” said Murphy in a
statement. “These two important bills go a long way toward accomplishing those
Just up the road, The New York Times last month launched The News Provenance Project, which aims to make use of blockchain technologies to tackle misinformation in publishing. The project will first plan to form a system for sharing and storage of contextual metadata, with proof of concept, which is expected to be available by the end of 2019. The NYT is also looking to build on Hyperledger Fabric and collaborate with IBM Garage.
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Credit: Blockchain News