With the results of the U.S. mid-term elections coming out, it is getting that lawmakers with a crypto-friendly viewpoint are occupying governor positions. Blockchain advocacy group Digital Asset Trade Association (DATA) has compiled a which shows three new governors and two incumbent ones to have a crypto-friendly nature.
To name a few, the new governors include Gavin Newsom (of California) and Jared Polis (of Colorado). Both these governors have openly voiced their support for new technological innovations like the blockchain and cryptocurrencies. Newsom that
“Government information and services at every level should be thoroughly ‘digitized,’ enabling citizens to conduct business with public agencies online.”
Gavin Newsom who now chairs the governor seat in California has been a pro-bitcoin lawmaker. Back in 2014, Newsom also showed his willingness to accept BTC donations for his campaigns. He said:
“I should promote the technology ever so subtly by saying I’ll accept bitcoin in the campaign. I’m ready for it.But how the hell do I explain it to anybody?”
For the past many years, California has remained the home for new technological advancements. Moreover, the state is also free from over restrictive laws. As a result, it has seen several FinTech companies taking birth here.
Colorado Gets a New Crypto-Friendly Governor
Jared Polis, the newly appointed governor of Colorado is also a pro-bitcoin & pro-blockchain lawmaker. Polis has also served as the member of the Congressional Blockchain Caucus in the U.S. House of Representatives. Polis is the first U.S. representative ever to accept bitcoin for campaign contributions. Moreover, he has urged to put the U.S. in the leadership role in integrating and regulating the crypto space.
Polis has also proposed using the blockchain technology in a number of government initiatives. It includes improving the digital voter protections as well as digitizing government records while making them more transparent. Below are the views of Polis on cryptocurrencies and blockchain.
“Similar to Wyoming, I will work alongside the legislature to create a statewide safe harbor designed to exempt cryptocurrencies from state money transmissions laws, and I will work to establish legislation that protects “open blockchain tokens” or cryptocurrencies that are exchangeable for goods and services. These moves could allow our state to attract innovative companies and allow them to engage freely in them – as issuers, exchanges, wallet providers – without the licensing requirements of the multitude of securities and currency laws. Colorado can pave the way into the future and implement safeguards here at home with the hope that the federal government can catch up to our progress. These ideas, while bold, will put Colorado on the map for fostering new technology and experimenting with the best way to implement safeguards here at home and across the nation.”
Similar Scenario in Wyoming, Rhode Island and Texas
Mark Gordan won the governor position in Wyoming, which is already an increasingly blockchain-friendly state. Also, Gordon is well-known for his pro-blockchain stand in the past. Hence it is quite apparent that Wyoming has got the governor it deserved. DATA report shows that Gordon has also proposed exempting crypto businesses from state money transmitter regulations.
The DATA research also shows that Texas governor Greg Abott and Rhode Island governor Gina Raimondo has held pro-crypto views in the past. Governor Abott has previously accepted bitcoin donations. Similarly, Governor Raimondo supports to legally recognize crypto-related business transactions.
While the blockchain infrastructure is actively developing, such aspects as security and protection of privacy are still considered to be rather controversial and require to be enhanced in order to increase the level of confidence of the participants of the network.
NRI’s Blockchain Security Tool
Japanese Nomura Research Institute’s (NRI) subsidiary that is dealing with cybersecurity issues has revealed its newly developed blockchain security alert tool.
According to a recently published , this new tool named “Blockchain Security Monitoring Service” is aimed at increasing security of blockchain by detecting security vulnerabilities in information systems and services based on blockchain and reporting operators about the found vulnerabilities.
It is informed that firstly it is planned to use the “Blockchain Security Monitoring Service” to track contracts on . It is also known that the offered security tools are based on the security log monitoring service “NeoSOC” which is able to track the way of functioning of concrete smart contracts and send notifications to the company if something goes wrong.
Moreover, it’s worth mentioning that one of the available tools is a smart contract security diagnosis and analysis tool offered by ConsenSys Diligence Inc. The tool is called “Mythril” and can effectively discover security vulnerabilities.
Partnership with ConsenSys
The new development is not the only reason to speak about NRI today. As the organization has announced, it entered in a partnership with U.S. blockchain software company . So, NRI Secure has made a history becoming the first ConsenSys’ development partner in Japan.
NRI Secure is going to join forces with ConsenSys’ Diligence team with a view to expand its security offering. Tom Lindeman, co-founder of ConsenSys Diligence, expressed his excitement about their new partnership. He commented their common plans the following way:
“ConsenSys Diligence is extremely happy to forge a new partnership with NRI Secure, who are widely recognized as leaders in managed security services and also leading edge pioneers in the Ethereum blockchain security space. We plan to collaborate closely to bring powerful automated smart contract analysis services to customers worldwide and to further our shared goal of making Ethereum safer for everyone.”
It is planned that NRI Secure will further collaborate with ConsenSys and other companies and organization in Japan and from all over the world with a view to find various options of application of its tools and to increase the level of security within the entire blockchain environment.
ConsenSys’ Partnerships
In general it’s worth mentioning that a blockchain venture production studio ConsenSys is known for its great partnerships and significant contribution to the development of blockchain technology and application of tools built on its base.
For example, earlier this year ConsenSys has become a of the Chinese government with a view to create blockchain solutions for China’s “dream city”.
