Colorado Governor John Hickenlooper appointed 12 members to the Council for the Advance of Blockchain Technology last week.
The council is tasked with recommending a “comprehensive legal framework to support blockchain technology that considers potential applications and boundaries of the technology and protections for consumers,” according to a press release. Gov. Hickenlooper’s office also said the council will recommend “guidelines for relevant agencies concerning policies that will allow for the natural evolution of this young and promising technology, while simultaneously ensuring protection for data and consumers.” Council members, which include local political and industry leaders, will serve one-year terms expiring on June 30, 2019.
Last month the Colorado state legislature passed a bill requiring state agencies to develop ways to use encryption and blockchain to securely store sensitive information. The legislation that created the council included a $250,000 budget for the state technology office.