summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to establish and implement a pilot program to examine the use of blockchain technology. Advanced Information Technology, the Internet and Cybersecurity.
AI Summary
This bill establishes a pilot program in Massachusetts to explore the use of blockchain technology to support the storage of real property records. The Massachusetts Technology Collaborative will work with at least one registry of deeds to test distributed ledger technology as a redundancy-driven concept to be used in parallel and as a backup to the current recording system. The bill requires the Massachusetts Technology Collaborative to identify any legal impediments that need to be modified to accommodate blockchain-based recordation of real property interests, and to file a report within 12 months of the pilot program's conclusion evaluating the pilot and assessing the feasibility and advisability of deploying blockchain technology for real property record storage.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see H4578 (on 05/06/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H71 |
| BillText | https://malegislature.gov/Bills/193/H71.pdf |
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