Ohio Gov. John Kasich has signed legislation allowing the use of blockchain technology to save and secure electronic records across a swath of industries in the Buckeye State.
One big reason for the blockchain push? Jobs. “Many companies looking to expand their blockchain and R&D operations are rapidly growing job creators, and Ohio is now even more attractive to these businesses,” said Valentina Isakina, JobsOhio’s financial services managing director, in a press release.
Ohio cities are trying to be friendlier to businesses that rely on blockchain, including Columbus, with its “smart city” initiative, and Cincinnati, with its “10XTS” venture. According to JobsOhio, Ohio’s financial services industry is the fifth-largest among U.S. states and is the second-largest private sector within the state.