State of Wyoming Forms New Blockchain Initiative

Wyoming

The wide open spaces wants in on blockchain. Wyoming (for our non-US readers, Wyoming is a sparsely populated state………think Buffalo Bill and cowboys) has a new coalition that is pushing for the state to adopt blockchain technology and slash regulations so as to make the state VERY business friendly. (The state of Illinois has already started that process as well).  The coalition sees cost savings, streaming budgeting and accounting areas AND the potential to allow bitcoin (cryptocurrencies) in the state. So, all you other states, learn from Wyoming and get into the “new world”. (Note: we have spent some time in Wyoming and it is awesome……….antelopes included)
(Bill Taylor/CEO)


“(TNS) –– CHEYENNE – A new coalition wants Wyoming residents to learn more about a technology it says could cut costs, help create new businesses in the state and streamline administrative processes.

The Wyoming Blockchain Coalition LLC recently announced its formation and that it supports the adoption of blockchain technology in Wyoming.

Blockchain is a new database technology that allows several parties to share a single “golden copy” of data and trust that it is valid, according to a coalition news release.

“We are also advocates for a legal and regulatory environment that welcomes blockchain technology companies to do business in Wyoming,” said David A. Pope, executive director of the coalition. He and the 24 other coalition members are volunteers.

Pope, who is a certified public accountant in Cheyenne, anticipates blockchain technology will be “as big of a game changer as the Internet was.” He sees many potential uses for the technology in Wyoming, especially in budget and accounting areas.

“It could help develop a completely transparent budget in the state that can be accessed easily by anybody that the state wants to allow,” he said…”


Full Story by Becky Orr/Wyoming Tribune-Eagle published 11/28/17 at Govtech.com
“In Wyoming, New Coalition Pushes Blockchain for Budgeting, Business and More”