Home
News
- New York state is one of the most important crypto mining locations in the United States, accounting for 19.9% of the country’s overall Bitcoin hash rate.
- Because of its cheap electricity and quantity of land, Texas is also a major crypto mining region, accounting for about 14% of the country’s hash rate. When the standard power system is stretched, the state is experimenting with data centers that have flexible power sources, which allow them to transition to renewable energy sources.
- Seven government officials and eight leaders from various trade organizations from across the state will make up the Work Group. It will research practical blockchain applications and submit a report on its results.
The governor of Washington’s northwest pacific state has finally signed a measure into law creating a working committee to investigate how blockchain can improve industry and trade. Governor Jay Inslee of Washington signed a bill into law today that intends to increase the state’s adoption of blockchain technology across multiple financial and industrial sectors, three years and one veto after it was initially submitted.
Supply Chain Management And STEM Education Opportunities
President Jay Inslee passed this legislation to legislation, establishing a Washington Blockchain Workforce to investigate potential cryptocurrency uses. Seven government officials and eight leaders from various trade organizations from across the state will make up the Work Group. It will research practical blockchain applications and submit a report on its results.
Senator Sharon Brown, a Republican from Washington, said in a statement that the state is demonstrating its readiness to use blockchain technology for the benefit of all Washington residents, employers, and workers, adding: This new rule is an important first step in creating an atmosphere that welcomes new business opportunities, is keen to explore new applications, and is willing to recognize possible supply-chain management and STEM-education opportunities.
This bill has had a long and tumultuous path through the state legislature. This had first presented inside the Senate in 2019, however, this got rejected by the president in April 2020. After that, state legislators spent nearly two years fine-tuning it. Washington is the most recent of a handful of states in the United States to adopt blockchain technology or cryptocurrencies in general, including New York, Texas, and Wyoming.
About 14% Of The Country’s Hash Rate
Wyoming has a reputation for being a forward-thinking regulatory refuge for blockchain startups. It has recognized decentralized autonomous authorities (DAO) as legal organizations and is home to crypto exchange Kraken’s bank. According to CNBC, New York state is one of the most important crypto mining locations in the United States, accounting for 19.9% of the country’s overall Bitcoin hash rate.
Because of its cheap electricity and quantity of land, Texas is also a major crypto mining region, accounting for about 14% of the country’s hash rate. When the standard power system is stretched, the state is experimenting with data centers that have flexible power sources, which allow them to transition to renewable energy sources.
ALSO READ: MIT Tech Review says Quantum computers are years away from cracking crypto
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
