S.R. NO.













Requesting the office of enterprise technology SERVICES to CONDUCT A STUDY ON the potential benefits and value of BLOCKCHAIN TECHNOLOGY to state government administration and affairs.



     WHEREAS, blockchain is a decentralized distributed ledger technology that allows the creation, validation, and encrypted transaction of digital assets to happen and be recorded in an incorruptible way; and


     WHEREAS, blockchain allows peer-to-peer and business-to-business transactions to be completed without the need for a third party, often a bank or a financial intermediary such as the Depository Trust & Clearing Corporation, effectively reducing transaction costs; and


     WHEREAS, recording transactions through blockchain technology virtually eliminates human error and protects data from possible tampering; and


     WHEREAS, the global blockchain market is expected to be worth $42,000,000,000 by 2024; the central banks of the major western countries are currently developing blockchain-based digital currencies; and ninety percent of major North American and European banks are exploring blockchain solutions; and


     WHEREAS, instead of using blockchain technology only for currency, new blockchain systems could focus on other types of transactions, such as voting, changing the title of houses or cars, or decentralizing the infrastructure for the sale of houses or cars, which makes transactions faster and more affordable; and


     WHEREAS, a hyperconnected government that utilizes blockchain technology would reduce corruption and enable unprecedented transparency and efficiency where services are tailored to an individual's needs; now, therefore,


     BE IT RESOLVED by the Senate of the Thirty-first Legislature of the State of Hawaii, Regular Session of 2021, that the Office of Enterprise Technology Services is requested to conduct a study of the potential benefits and value of blockchain technology to state government administration and affairs; and


     BE IT FURTHER RESOLVED that the Office of Enterprise Technology Services is requested to submit a report, including any proposed legislation, to the Legislature no later than twenty days prior to the convening of the Regular Session of 2022; and


     BE IT FURTHER RESOLVED that a certified copy of this Resolution be transmitted to the Chief Information Officer.









Report Title: 

Blockchain; Government Administration; Office of Enterprise Technology Services; Report