Bill > SB168

This bill requires the State Department of Assessments and Taxation, in collaboration with various state agencies, law enforcement, legal aid organizations, and technology vendors, to conduct a study evaluating the use of blockchain technology for securely recording and verifying real property leases and titles. Blockchain is a type of distributed ledger technology that offers a secure, unchangeable, and transparent way to store data. The study will also assess how this technology could help law enforcement and courts resolve property disputes, particularly those involving squatting, which is defined as the unauthorized occupation of real property by someone without legal right. By December 31, 2026, the Department must report the findings of this study to the Governor and the General Assembly.