Blockchain tech ‘is the shiny new penny’
During the General Assembly session that just ended legislators debated a number of hot-button issues: guns, abortion, Confederate statues and medical marijuana.
But tucked among the headline-grabbers was a brief bill, less than 300 words long, that attracted no controversy whatsoever.
Not only did it pass both houses with bipartisan support, it passed with unanimous support – despite being concerned with an esoteric technology that some legislators had never heard of.
The bill that united legislators this session was an official recognition of blockchain, an emerging technology that could transform the operations of any business that depends on secure, transparent, efficient transactions – including some of Tennessee’s most important industries.
What likely sold legislators, even if they didn’t quite understand the technology, was its potential to attract new business to the state.
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