Connecticut lawmakers seek to legalize blockchain smart contracts

posted 3 months ago
The US state of Connecticut could soon legalize the use of blockchain smart contracts in business. House bill 7310 was filed on Friday, proposing that blockchain smart contracts should be authorized for commerce in the state.

The bill states “No contract relating to a transaction shall be denied legal effect, validity or enforceability solely because such contract is executed through a smart contract.” The bill would give equal rights to firms that use smart contracts on a blockchain or distributed ledger with those that use more traditional methods to secure information in connection with a transaction.
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