State of Wyoming Introduces Bill for Blockchain Filing System

The U.S. state of Wyoming has introduced a bill for the implementation of a system for company filings that uses blockchain technology.

• Under the act, the state would implement a new filing system intended to "use blockchain technology as the the technological framework for the system," by the end of 2021.
• The system would be used by companies to reports, data and other information required by law.
• The filing system would also harness APIs while providing necessary security standards through authenticated digital identities.
• The bill invites consultation with interested parties such as businesses, attorneys and registered agents.
• Wyoming has been working to market itself as a blockchain- and crypto-friendly state in a bid to attract companies in this space.

See also: Why Crypto Companies Like Ripple Are Moving to Wyoming