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US: Florida Introduces Draft Bill Recognising Blockchain and Smart Contracts

On January 9, 2018 Florida Representatives James Grant and Jackie Toledo prepared a draft bill, H1357, revising certain powers, duties and functions of the Agency for State Technology in collaboration with the Department of Management Services.

Among its provisions, the draft bill introduces blockchain technology and recognises smart contracts. According to the bill, blockchain technology means "distributed ledger technology that uses a distributed, decentralized, shared, and replicated ledger, which may be public or private, permissioned or permissionless, and driven by tokenized crypto-economics or tokenless. The data on the ledger must be immutable, auditable, protected with cryptography, and provide an uncensored truth."

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