Wed. Apr 14th, 2021

Iowa House approves bill to legally recognize blockchain smart contracts

On March 29, the Iowa House of Representatives passed a bill that seeks to legally recognize transactions and registrations made via blockchain smart contracts.

The bill — SF541 — gained Senate approval earlier in the month. Under the auspices of the new bill, smart contracts would be given the same legal status as regular contracts, while distributed-ledger technology would be viewed as a reliable electronic store of record.

This was reported today by Cointelegraph