This past Wednesday, California Governor Gavin Newsom passed a law that permitted the usage of blockchain technology for the keeping of vital personal records.
Lately, California has been reviewing various proposals that pertain to cryptocurrency in general, and Newsom has also recently vetoed a cryptocurrency licensing and regulation bill. This new type of blockchain technology will be standardized through the administration of birth, death, and marriage records. It will permit PDF documents to be sent instantly rather than waiting for the 10-day postal delivery service.
The bill was presented and set into motion by California Senator Robert Hertzberg and will essentially test how cryptocurrency works to the benefit of the United States government as a whole. "This secure and highly convenient process will allow the average person to access their vital records and shows California is still leading the way for innovation," Hertzberg told CoinDesk.
According to Herzberg, in terms of the benefits of this particular bill, it is a "faster, cheaper, and more efficient delivery method" that can potentially salvage Californians' time and money. One other major benefit of this bill is that blockchain is much more challenging to access or hack into.
News outlets like PYMNTS have also reported that Newsom has stated that the vetoed bill that could have potentially caused a crypto regulation framework could also have coerced smaller startup companies out of the state of California.
The crypto industry lobbying group The Blockchain Association have been fully supportive in terms of Newsom's vetoing of the bill, stating that the bill "threatened to choke innovation and stop California's burgeoning crypto industry in its tracks."
Although the law that Gov. Newsom has passed may not be yet be universally accepted or understood, particularly by those who have not yet delved into blockchain technologies, this law will likely work to the benefit of a wide variety of audiences in a variety of ways. It will especially guide the government in terms of implementing the blockchain to its daily systems, and hopefully make government record keeping far safer and more secure than it once was.