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New blockchain project in North Carolina

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Deputy Governor of North Carolina, Dan Forest, has launched a new blockchain project to bring the technology closer to the residents of the state.

About the project

On July 2nd, Governor Forest announced on his website that he was launching an off-party blockchain project called the North Carolina Blockchain Initiative. Its aim is to develop the subject of this technology in society and indicate the development opportunities that it is able to give. This is specifically about economic growth and increasing the efficiency of costs incurred by the entire state. Forest also hopes that the project will help make North Carolina a leader in technological innovation. In addition to the blockchain, the initiative will check the potential of digital assets, smart contracts and tokens.
I hope that we will be able to implement a joint strategy with the state General Assembly, the Department of Security and the Treasury Department and other agencies. We want to increase the awareness of technology, improve legal supervision and modernize state policy - describes Dan Forest.

Crypto in North Carolina

The blockchain project described above, however, is not the first crypto-project in this state. In 2016, the state overtook competitors and introduced into state law a provision that extended the already existing law on money relays. Since then, it has also been operating in the context of Bitcoin and other cryptocurrencies. Perianne Boring, president of the Chamber of Digital Commerce, an interest group lobbying for the widest possible implementation of the blockchain, said that the state had done something historical. He introduced an innovative model to state law, which had to face the specifics of this industry.
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