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New Jersey Establishes Blockchain Task Force

New Jersey Establishes Blockchain Task Force

Author: Nicholas J. PellegrinoDate: September 11, 2019

New Jersey Governor Phil Murphy recently signed legislation establishing the Blockchain Initiative Task Force (the “Task Force”).  The Task Force will work to ensure that the State of New Jersey is prepared to take advantage of the opportunities blockchain has to offer and oversee its use.

Blockchain-based digital currencies continue to grow and are gaining legitimacy.  JPMorgan recently announced its plan to launch the country’s first bank-backed cryptocurrency. Facebook is also working on its own cryptocurrency, known as “Libra.”   Moreover, blockchain technology has a wide range of potential uses that can be transformative for both the public and private sectors.

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