STATE CAPITOL, PHOENIX – Representative Jeff Weninger (R-17) today applauded
Governor Doug Ducey for signing HB 2417, innovative legislation that will now include
blockchain signatures as a recognized form of signature.
Blockchain technology provides a decentralized database for a chain of transactions to be visible
by a network. When an exchange is initiated, information about that exchange is represented as a
block and broadcasted to the entire network. The network will verify and approve the exchange
before adding the block to the chain of stored information. This technology is secured by
cryptography and has many potential uses.
“I am very proud that Arizona continues to be a leader in the advancement of blockchain
technology,” said Representative Weninger. “I am thankful Governor Ducey supports this
innovation and that Arizona is again leading the charge.”
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