The Ohio Blockchain Basics Act aims to establish a legal framework for blockchain technology in the state of Ohio. The bill outlines definitions related to blockchain technology, creates provisions for the use of electronic signatures secured through blockchain, and recognizes blockchain records as enforceable contracts. It also addresses issues like smart contracts and provides guidelines for their legal validity. Overall, this bill seeks to promote the adoption and utilization of blockchain technology within Ohio while ensuring regulatory clarity and legal recognition for its applications.
2024-02-12: Introduced
2024-04-02: Referred to committee: Financial Institutions
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