Ohio Lawmakers in a press release declare their interest in making the state a hub for blockchain as the state joins the trend of the “blockchain race.”
Ohio Lawmakers Declaration of interest in Blockchain
Ohio lawmakers in a press conference led by the speaker of the house of representatives declare its interest in making the state a hub of the blockchain. The press conference involved academics, business owners and the lawmakers in the state.
The speaker of the house, Ryan Smith, while speaking on the interest, he declared that the technology is still new and Ohio is trying to get ahead in the use of the technology.
Though the speaker views the technology as it is in its early stages, it is a term that is relative considering the rate of adoption the technology has received outside of the United States of America. Nevertheless, it is still evolving.
The speaker of the house further stated the benefits that lie in the use of blockchain, as he outlines its importance to academics, healthcare, marriage, and the public sector. As described by Ryan, the technology can be used for storage of marriage and academic certificate for proper security. So also students can use it to build the details of their career to make them more relevant in their field. More importantly, the economic advantage offered to the community where blockchain technology companies are located.
Blockchain has become advantageous to every phase of the human society as it has become a tool to revamp every facet.
The Blockchain Race
Blockchain technology has become a race for countries as they are seeking means to annex the benefits that are inherent in the technology. Likewise is the race by tech firms in making judicious use of the tech.
Recently, Google banned cryptocurrency ads on its platform, as the firm started its race into blockchain adoption. Microsoft, Facebook, and Messenger have equally begun threading the path of blockchain adoption as blockchain social media platform are beginning to spring up.
UAE, China, Japan and some European countries are already ahead in the adoption of the blockchain tech in comparison to the United States.
During the week the United States Senate Committee on Energy and Natural resources held a session on annexing the advantages of cryptocurrency and solving the menace of cryptocurrency mining. The Japanese legislature also recently conducted an extraordinary meeting on furthering the implementation cryptocurrency and blockchain tech in the country.
The trend shows the blockchain is the future of tech world.