DENVER — The Colorado Council for the Advancement of Blockchain Technology Use announced the publication of its final report to the community chronicling the analysis and findings of the appointed Council experts. The Council, which concluded its charge in June 2019, was created by former Governor John Hickenlooper and continued under Governor Jared Polis to assist the state in meeting the challenge and promise of blockchain use in government. Polis’ goal is to establish Colorado as a national hub for blockchain innovation. The report can be found at https://choosecolorado.com/blockchain/.
The Blockchain Council Report to the Community provides background to help understand blockchain technology, an outline of the organization and process of the Council, and an explanation of the problems and potential solutions the Council identified and worked to implement.
“The members of the Blockchain Council did exceptional work during their charge by identifying critical issues faced by the blockchain community and beginning to provide solutions in a variety of ways,” said Jana Persky, director of blockchain and opportunity zones for the Colorado Office of Economic Development and International Trade (OEDIT), where the Governor-appointed Council was housed.
In May 2019, the Colorado Governor’s Office of Information Technology (OIT) announced the appointment of Thaddeus (Thad) Batt as the state’s first ever Blockchain Solution Architect. Batt will expand upon the work of the Blockchain Council in partnership with a consortium of state agencies including OEDIT, the Department of Regulatory Agencies, Colorado Department of Revenue, and the Colorado Department of Higher Education. Together the consortium will contribute to the continued adoption and expansion of blockchain technology in Colorado by exploring policy and regulatory clarity, banking services and support, taxation of digital assets and collection of taxes using cryptocurrency, blockchain workforce development, industry innovation, and active monitoring of other states’ industry specific legislation.
“The Blockchain Council report showcases the important work already underway,” said OIT Chief Information Officer and Executive Director Theresa Szczurek, Ph.D. “Our continued efforts will provide Coloradans with secure, transparent, and trusted data access for government services through the application of blockchain and distributed ledger technologies.”
Betsy Markey, executive director for OEDIT added, “The Blockchain Council established a thoughtful roadmap for our state agencies to collaborate and consider the impact and evolving potential of this rapidly growing technology. We are grateful to Jana and the Council for their hard work, and look forward to partnering with Thaddeus and the other state agencies as blockchain continues its growth in Colorado.”
Find OIT online at Colorado.gov/OIT, and on Facebook, Twitter, and LinkedIn.
About the Colorado Council for the Advancement of Blockchain Technology Use
The Colorado Council for the Advancement of Blockchain Technology Use was created and appointed by Governor John Hickenlooper and continued under Governor Jared Polis. The goal of the Council was to assist the state in meeting the challenge and promise of blockchain, by providing a legal framework to support blockchain technology and support for government use cases of the technology. The Council was in operation from July 2018-June 2019.
The Council met monthly for more than a year and worked with legislators to pass the Colorado Digital Token Act in January 2019. This Act provided clarity for companies that want to raise growth capital by issuing digital tokens for “consumptive purpose”. This consumptive purpose creates a narrow exemption on offerings that are clearly not securities (similar to Kickstarter), while ensuring that consumers remain broadly protected from fraud and misconduct.
More information can be found at https://choosecolorado.com/blockchain/.
About the Governor’s Office of Information Technology
The Colorado Governor’s Office of Information Technology (OIT) is a dynamic organization responsible for the operation and delivery of information and communications technology services and driving innovation across Executive Branch agencies in the State of Colorado. OIT delivers smart technology solutions, provides quality customer service, and supports state agencies whose missions are critical to serving Coloradans. OIT oversees technology initiatives at the state level and recommends strategies to maximize efficiencies and offer cost-effective services through the application of enterprise technology solutions. The Office’s enterprise approach also enables the agile delivery of new applications to state agencies that improve the overall customer experience and citizen access to government services while increasing accountability and transparency.
OIT is also home to the Office of Information Security and the Colorado Broadband Office, and manages the Public Safety Communications Network which includes the Digital Trunked Radio System, a statewide wireless system that enables direct communications between first responders and agencies.
About Colorado Office of Economic Development and International Trade
The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Colorado Office of Film, TV & Media; the Minority Business Office; and the Colorado Innovation Network. Learn more at www.choosecolorado.com.