Some of the key advocates behind Vermont’s blockchain bill passed last session, creating a favorable regulatory environment for blockchain-based businesses, have started a commercial association to better position the state as being friendly to the emerging technology.
Burlington, Vermont (December 10, 2018): On the heels of the Vermont Attorney General T.J. Donovan’s announcement of the interagency working group to study the opportunities and challenges presented by blockchain technology in Vermont, the leaders of the newly-formed Vermont Distributed Ledger Governance Association (DLGA) are excited to announce the founding of the DLGA. The DLGA will serve as a landing area for companies and other stakeholders looking to drive commercialization of their blockchain applications while working with the State agencies to pilot those applications and develop best practices for the industry.
The four agencies comprising the State working group will be the Attorney General’s Office; the Department of Financial Regulation (DFR); the Secretary of State; and the Department of Economic Development, Agency of Commerce and Community Development (ACCD). The Vermont DLGA looks forward to working closely with this State working group.
DLGA Executive Director Jeremy Friesen remarked, “Blockchain [DLT] technology is developing at a rapid pace. Over the past several years, Vermont has taken real steps to reinforce its position as a leading state to encourage responsible technology innovation that has the potential to enhance consumer protection while spurring economic development, including jobs, across Vermont and beyond.”
DLGA Board Chair and South Burlington resident John Burton adds “The global DLT industry welcomes the opportunity to pilot and demonstrate the potential benefits of blockchain-enabled technology in Vermont and to collaborate with State agencies where appropriate to help prove the technology. We founded DLGA to help this effort succeed.”
Friesen concludes “We look forward to participating in the planned Interagency Working Group meeting in January, and welcome additional companies, academic institutions and other stakeholders in and outside Vermont to join this very important effort.”
Members of the DLGA will hold a press conference at 1:00 pm on Tuesday, December 11, 2018 at One Lawson Lane, Suite 340 in Burlington, VT.
Vermont Attorney General forms government blockchain working group: http://ago.vermont.gov/blog/2018/12/10/attorney-general-and-state-agencies-launch-working-group-to-study-blockchain-technology/.
Vermont Government Blockchain Technology Report: https://legislature.vermont.gov/assets/Legislative-Reports/blockchain-technology-report-final.pdf
Vermont Blockchain Law: https://law.justia.com/codes/vermont/2016/title-12/chapter-81/section-1913
Vermont Legislative Report: https://legislature.vermont.gov/assets/Legislative-Reports/blockchain-technology-report-final.pdf
Vermont Law School Legislative Report: https://www.vermontlaw.edu/sites/default/files/2017-12/CLI_Legislative_Report_2017.pdf