Vermont Says Blockchain Record-Keeping System Too Costly
The cost of using an implementation of the blockchain for a public records management system would outweigh any potential benefits, a report prepared for Vermont’s state legislature concludes. The report, commissioned as part of a broader legislative effort aimed at promoting economic growth, was prepared by Vermont's Secretary of State, Attorney General, and the Department of Financial Regulation. Representatives from the Center for Legal Innovation at Vermont Law School and the Uniform Law Commission also contributed to the report, which was delivered to the legislature on 15th January.
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