Nebraska Senators Consider Blockchain Bills

Lawmakers in Nebraska are considering four pieces of legislation concerning the blockchain and cryptocurrencies  
21 February 2018   236

According to the report, four bills were introduced by two senators and now are being considered by three committees.

Senator Carol Blood of Bellevue offered three bills, he sees the measures as a way of boosting the nascent industry.

We want to have it in state statute that we embrace this technology. We can start a boom here in Nebraska without a tax credit, without tax-increment financing, without a grant.

Carol Blood

Senator of Bellevue

LB 691 would penalise those who commit illegal acts using cryptocurrency.

LB 694 would prohibit cities and counties from taxing or regulating distributed ledger technology.

LB 695 would make smart contracts enforceable.

Senator Paul Schumacher of Columbus offered the fourth measure.

It is a fascinating subject and just maybe an opportunity for the state to be at the leading edge, instead of where we usually are and that’s at the tail’s end.

Paul Schumacher

Senator of Columbus

LB 987 would require a license for some blockchain-related business transactions.

These measures are new for many in Nebraska. The blockchain technology is similar to the early days of the Internet.

JPMorgan May Work on Quorum's Spin-Off

Bank giant believes that independence from the bank could increase the platform's appeal
23 March 2018   50

Referring to anonymous sources, the Financial Times and Reuters report that this step, if done, will be aimed at increasing the attractiveness of the platform.

The Quorum open source project was launched in 2016 and is a private version of the Ethereum blockchain. JPMorgan presented the project at the annual Sibos conference.

We continue to believe distributed ledger technology will play a transformative role in business which is why we are actively building multiple blockchain solutions. We’re not going to comment on speculation, but Quorum has become an extremely successful enterprise platform even beyond financial services and we’re excited about its potential.

JP Morgan Spokesman

Reuters could not find out if the current employees of the Quorum project would join the new venture. It is also unknown what role the new head of the innovation center of the blockchain of JPMorgan, Ember Bolde, currently responsible for the development of Quorum, will do.