Governor Gavin Newsom of California Includes Blockchain and AI Tech in “State of the State” Speech


Gavin Newsom, the current governor of California, recently held his “State of the State” speech. The event was reported on by local outlet CALmatters, which said that one point of focus was the development of blockchain technology and AI in new crypto products.

During the speech, which was held on February 12th, Newsom stated,

“California needs a comprehensive statewide strategy to uplift and upskill our workers, to ensure technological advancements in AI, blockchain, big data, are creating jobs, not destroying them, and to reform our institutions so that more workers have an ownership stake in their sweat equity.”

Speaking on the local Workforce & Future of Work, Newsom announced the newly appointed Commission, aimed at developing upon innovative technologies to give more working opportunities. He commented,

“California is proud to be home to technology companies determined to change the world.”

Local citizens, Newsom said, deserve to have some kind of benefits for allowing their personal information to be hosted on online websites and related services.

In a request to his team, Newsom allegedly asked for a proposal of a:

“Data Dividend” for citizens, adding that “we recognize that your data has value and it belongs to you.”

Over the years, Gavin Newsom has held a positive stance on both digital currency and developing technologies, like blockchain. Back in 2014, he was one of the first major politicians to accept Bitcoin as a part of his campaign donations. Furthermore, just last November, his work in the political scene ensured 59% of electorate support during the midterm gubernatorial elections.

Presently, in a recent study, it was discovered that 89% of consumers do not believe that corporations are active enough in protection of data. On the other hand, over half of CEOs and major executives believe that this apprehension is justified, but the use of blockchain allows better control of this information.

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