The Colorado Senate is considering a bill to utilize blockchain or other distributed ledger technology for a variety of purposes, including to improve the state government’s operations and cybersecurity.

Senate Bill 18-086 (which was introduced on January 16, 2018) focuses on exploring a number of “transformative improvements” that distributed ledger technologies can offer to state governments, including reducing fraud in state-controlled programs, mitigating risk through improved risk evaluation and quantification, and enhancing cybersecurity and protection of personal information.