The pilot program is designed to help the Vermont identify areas where the use of blockchain technology in regulatory and other government business may increase data security and reduce costs for residents and those doing business in Vermont. (Image: iStock)
Vermont's secretary of state, Jim Condos, and the commissioner of Vermont's Department of Financial Regulation (DFS), Michael Pieciak, have signed a memorandum of understanding outlining their collaborative efforts to explore emerging blockchain technology and its use in the digital recordkeeping practices of the captive insurance industry.
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