New Bill Introduced to Colorado Senate Encourages it to Adopt Blockchain for Data Security

A new state bill introduced on Jan. 16 to the Colorado Senate is looking at using blockchain technology to secure private data from cyberattacks.

According to the senate Bill 086, using a distributed ledger would eliminate the need for paper records and in-person updating of such data. The blockchain system would subsequently solve the state's existing data collection and retention issues, and create a more secure record.

The implications of the passing of the bill entail pushing Colorado's chief information security officer to evaluate the costs and benefits of using distributed ledgers in various government systems, and to determine blockchain's capability in handling cyberattacks compared to traditional computer systems.