Bill > H87

This bill establishes a pilot program by the Massachusetts Technology Collaborative (MTC) to explore using blockchain technology for storing real property records. Specifically, the MTC will collaborate with at least one registry of deeds to test distributed ledger technology as a parallel and backup recording system within one year of the act's effective date. The pilot aims to identify legal obstacles that might prevent blockchain-based property record storage and will require the MTC to file a comprehensive report within 12 months after the pilot's conclusion. The report will be submitted to multiple legislative committees, including those focused on advanced technology, internet and cybersecurity, municipalities and regional government, and state administration, as well as the house and senate committees on ways and means. The report will evaluate the pilot program and assess the feasibility and advisability of implementing blockchain technology for real property record storage, potentially paving the way for future technological innovations in government record-keeping.

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https://malegislature.gov/Bills/194/H87