Bill > S05157

This bill establishes a ten-member task force to evaluate the potential implementation of blockchain technology (a digital ledger system that securely records transactions across multiple computers) in New York state government operations, specifically focusing on record keeping, information storage, and service delivery. The task force will include representatives from various state leadership roles: two members each appointed by the senate president, assembly speaker, and governor; two members from the office of information technology services; and one member each from the senate and assembly minority leadership. The task force will meet as needed, conduct at least one public hearing, and will not receive compensation for their work. By January 1, 2027, they are required to submit a comprehensive report to state leadership that details the opportunities and risks of blockchain technology, analyzes different blockchain types, lists current blockchain users in public and private sectors, and provides recommendations for potential implementation, including suggested legislative and regulatory changes. The bill will take effect immediately and is set to expire on January 1, 2027, ensuring a time-limited, focused examination of blockchain's potential governmental applications.

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https://www.nysenate.gov/legislation/bills/2025/S5157