With an endorsement from Vermont’s Governor, Peter Shumlin, the state recently decided to explore the use of blockchain technology. The legislation passed earlier this summer with the intention of looking at how the state can simplify the management of state records. This marks an important first step for government bodies exploring the potential benefits that blockchain offers.

“Vermont’s foray into blockchain, while still in its investigative stage, may serve as notice to other states that the technology’s potential soon may be coming to fruition.”

As a natural transition for any state looking to cut costs and overheard, blockchain management offers a more modern system to manage records. For those unfamiliar with the technology, here is a quick run down on exactly what it can provide.

Imagine cabinets full of manilla folders. Seem outdated and wasteful? As it stands, this is how administrative overheard currently manages and stores a state’s public records and documents. Blockchain provides the solution to the clutter by creating a neat, chronological chain of records. An audit goes from an expensive bureaucratic ordeal, to a simple search through the blockchain to find what you need. Cost savings would abound.

At Follow My Vote, we applaud Vermont’s exploration into the exciting frontier of blockchain. We will be sure to monitor this story as it develops, in hopes that other states will follow Vermont’s lead.

Further Reading: A more in-depth look at the legislation itself.

Source: Govtech.com

About the author: Tyler Molihan is a Marketing Intern at Follow My Vote. He hopes to increase awareness about the benefits of online voting systems.