Slow But Steady Adoption Continues: Certificates Using Ethereum, Now Available
The blockchain has many advantages in its application, from the obvious usage in Fintech it seeps into all walks of life. Now governments are using it to further organize its records. Specifically, it seems that the government of Nevada has been particularly proactive in this matter.
As per reports from 7th January, two counties, Washoe and Elko, in the state have started trialing and using Etherium blockchain for security to store and hand out digital copies of birth certificates and marriage licenses. At the moment, about 950 such certificates have been issued out, since its inception in April.
Although the blockchain allows for certificates to be processed in a day as opposed to the standard up to 10 business days waiting period, there has been some resistance to automate. According to a Washoe County tech, Hunter Halcomb, there have been encouraging feedback however he points out, “some people say, ‘Nah, I don’t use email so I don’t want it'.”
There might be a segment of the populace that has issues with acceptance of technology, it hasn't prevented the US from trialing blockchain. This is despite the fact that there is a weak interdepartmental consensus within many governmental agencies. Insipte of such roadblocks, there are encouraging signs that winds of change are at hand.
Nevada is the first US state to recognize the opportunity and has excluded the nascent industry from tax obligations. Meanwhile, Colorado is also following suit with the state looking to promote blockchain innovation in the state by introducing an exemption for cryptocurrencies from securities laws. And then there is Ohio, trialing an initiative to let business pay taxes via cryptos.
On top of that, California's new Governor, Gavin Newsom, is a known admirer of the technology and has expressed his desire make the most out of its potential.
Not only that, there are more states that are looking at using blockchain or at least make amendments to laws so that the crypto industry gets the support it has been seeking. This will undoubtedly benefit the financial sector and the technology industry but applications such as digital record keeping will certainly ensure safekeeping of documents in the case of any disaster. With such varied uses of the technology, the industry certainly has a lot of promise.