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Blockchain group in New Zealand requests official govt blockchain strategy

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Blockchain NZ the New Zealand based blockchain industry group, announced that they are requesting a national blockchain strategy from the government, according New Zealand news outlet Scoop Independent News.

Mark Pascall, the executive director of Blockchain NZ is set to give a presentation next Thursday to the New Zealand parliament’s economic development, science and innovation select committee hearing on potential economic advantages of implementing blockchain technology solutions in New Zealand.

The presentation is set to just be an introductory seminar that will feature blockchain, Bitcoin, smart contracts, security tokens, and decentralized autonomous organizations. Pascall spoke further in depth on his mission for blockchain in 2019 and what this presentations purpose is:

“So, we really want government to take blockchain seriously and produce a strategy. We can help them with that so we strike a balance between trying to plan for an unpredictable future and taking some action so we realize huge potential economic benefits for the country.”

Blockchain NZ consists of an array of blockchain oriented businesses, organizations and experts, first formed in 2016. Blockchain NZ is working toward getting New Zealand to join the likes of other countries that have national blockchain strategies implemented.

Source.chepicap

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Blockchain

Rhode Island is exploring blockchain technology to improve state operations

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  • The idea can only be initiated after the state approves the request for proposal (RFP).
  • A technical evaluation committee will review the RFP.

Rhode Island has issued a request for proposals (RFP) to explore the possibility of blockchain technology incorporation for government use. Liz Tanner, Director of the Department of Business Regulation, stated that she believes that blockchain can bring modernization in the government and would make bureaucracy in the state more efficient. Apparently, they are not looking for specific solutions, but are just intrigued by its possibilities. A memo following the RFP states: 

“Suggested areas of application… include antifraud, contracts, medical marijuana, records, notarization, registration and licensing, investigative evidence control and more.”

Brenna McCabe, director of public affairs for the Department of Administration in Rhode Island, told Government Technology that it will allure more bidders who are required to submit two proofs of concept for blockchain application. The idea can only be initiated after the state approves the RFP. The memo also states:

“With proofs of concept, [Rhode Island] can gain a better understanding of the maturity of blockchain technologies and platforms, as well as potential sustainability in state government operations.” 

A technical evaluation committee composed of staff from various state agencies will review the RFP. However, McCabe admitted that they face significant hurdles from laws, regulations and licensing structures that would require changes to allow for blockchain use.

source:.fxstreet

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Government and financial regulators in Brazil exploring use of Blockchain

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  • Brazilian authorities are keen to adapt to new emerging technologies, such as blockchain.
  • The Central Bank of Brazil, the Securities and Exchange Commission (CVM), the Superintendence of Private Insurance (SUSEP), and the Ministry of Economy’s Special Secretariat for Finance are working together

The government and financial authorities in Brazil are working on a project for the development of a regulatory sandbox type model. They are keen to target new technologies such as blockchain.

In terms of the authorities; the Central Bank of Brazil, the Securities and Exchange Commission (CVM), the Superintendence of Private Insurance (SUSEP), and the Ministry of Economy’s Special Secretariat for Finance are working together to ensure they adapt to tech such as blockchain, exploring how it is affecting the financial industries within the country.

The CVM detailed that the project implies that emerging technologies in the likes of; blockchain, robotics and AI have facilitated the establishment of new business models. They of which have been able to come up with new products and services of higher quality and scope.

source:fxstreet.

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Rhode Island Looks to Adopt Blockchain For Government Use

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Rhode Island issued a request for proposals aimed at exploring the viability of blockchain technology to improve state operations. This comes on the heels the state relaxing certain security laws for blockchain businesses.

Is the second-most dense state by population looking to become a hub for the crypto industry?

Director of the Department of Business Regulation Liz Tanner said in a statement she believes blockchain represents the modernization of government and would enable bureaucratic efficiency in the state. She also said Rhode Island’s initiatives were inspired by the adoption of blockchain by overseas governments.

The request for proposals is not looking for specific answers to specific problems, but is keeping an open mind to the possibilities of the emerging technology. A memo following the RFP states, “Suggested areas of application… include antifraud, contracts, medical marijuana, records, notarization, registration and licensing, investigative evidence control and more.”

Brenna McCabe, director of public affairs for the Department of Administration in Rhode Island, told Government Technology that this long list of possible applications is meant to entice more bidders, all of whom are required to submit two proofs of concept for blockchain application.

McCabe said state officials did not want to stifle the ingenuity of the industry by limiting the scope of the RFP.

It’s only after the state receives proposals that they can conceive of what the technology offers. “With proofs of concept, [Rhode Island] can gain a better understanding of the maturity of blockchain technologies and platforms, as well as potential sustainability in state government operations,” the memo stated.

The proposals will be reviewed by a technical evaluation committee composed of staff from various state agencies. “The initial contract period is estimated to begin Aug. 13 for a time period determined by the winning bid(s),” according to the RFP.

Anticipated problems will stem from laws, regulations and licensing structures that would require changes to allow for blockchain use, said McCabe. Though state leaders will have a better idea of what needs to be tweaked once proposals are reviewed.

source:coindesk.

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