New York lawmakers are reviewing a new proposal that could bring blockchain into the state’s election system.
Assemblymember Clyde Vanel (D-33) introduced Assembly Bill A7716 to explore how the technology might be used to protect voter records and election results.
The bill is currently with the Assembly Election Law Committee. It asks the New York State Board of Elections to study the use of blockchain and deliver a full report within 12 months if the bill becomes law.
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The goal of the report is to look at whether blockchain can help make elections more secure and reliable. The proposal describes blockchain as a shared digital record that cannot be changed and can be checked by anyone. Supporters believe this could help reduce the risk of tampering or errors in voting data.
To complete the report, the Board of Elections would need to work with the Office of Information Technology Services and bring in experts in blockchain, cybersecurity, and election systems. They would also be asked to look at how other states and countries have used the technology in similar ways.
The bill would need to pass the full Assembly, then the Senate, and finally be approved by the governor. If that happens, the Board of Elections would be required to carry out the study and publish its findings.
Meanwhile, A US House committee approved the central bank digital currency (CBDC) Anti-Surveillance State Act. What does the bill entail? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
