A new Blockchain Tourism project will be created in the State of Hawaii, where legislators decided to form a new working group focused on the blockchain tech.
If approved, the House Bill 1481 will lead to the creation of a task force with the goal of researching the use and practices related to the distributed ledger technology.
This project is sponsored by Democratic Representatives Chris Lee and Mark Nakashima.
The official bill explained:
“The legislature finds that highly innovative technologies such as blockchain require an educated and measured approach so that regulations do not stymie innovation and growth in this State.”
The long-term goal, the bill states, is to seek ways for the technology to benefit local industries, residents and the State of Hawaii.
Should the measure be approved, the working group will have to prepare a report about the potential use cases specific to the State of Hawaii.
This research would also provide information on how the state itself could leverage the blockchain.
Among the areas of interest, of course, there would be the topic of tourism payments.
The bill also suggests that Hawaii should look to the technology as a way to encoure tourists from abroad to spend, improving the local economy.
“Digital currencies such as bitcoin have broad benefits for Hawaii. A large portion of Hawaii’s tourism market comes from Asia where the use of bitcoin as a virtual currency is expanding,” the bill reads. “Hawaii has the unique opportunity to explore the use of blockchain technology to make it easier for visitors to consume local goods and services and to drive the tourism economy.”
This Hawaiian bill is only one of the latest legislative efforts to be issued regarding the blockchain technology topic.
For example, in 2016 the State of Vermont proposed to modify a few laws of the country to allow blockchain data to be valid during trials.
This Legislative record also explained that the Vermont Senate introduced another bill to edit the country’s financial regulations to account for businesses that work in the digital currencies industry.
Recently we also talked about another project related to Blockchain Tourism: read more about the newest Webject project by clicking here.
Open your free digital wallet here to store your cryptocurrencies in a safe place.