Washington State Passes Blockchain Bill Supported by Cascadia Blockchain Council and ArcBlock

Washington State officially passed State Bill 6065 that officially creates a Blockchain Working Group on March 10. This new working group is focused on creating a public/private partnership that combines governemnt support alongside leading blockchain companies across the state that will include T-Mobile, Microsoft, ArcBlock, WTIA and more. In addition, the legislature intends for the economic benefits from these collaborative efforts to be broadly and equitably shared by all Washingtonians through increased trustworthiness of transactions with lower transaction costs.

Recently, ArcBlock's team testified in front of Washington State legislature to show support for the bill and will be a driving force in the new working group. The Washington State Legislature has acknowledged that it has adopted a statement of intent under RCW 19.400.010 to encourage the development of distributed ledger technologies.