Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
The Rhode Island government is seeking proposals from qualified firms on blockchain solutions that improve efficiency, transparency, accuracy and security in the state.
The Rhode Island Department of Administration/Division of Purchase in the United States has issued a public solicitation for blockchain solutions via proof-of-concept proposals, according to official documentation published on May 31.
The department is particularly seeking proposals from âqualified firmsâ that aim to âfurther the Stateâs goal of becoming more efficient, transparent, accurate, secure and business-friendly.â The deadline for submissions is set for June 21.
The solicitation notice includes a plethora of areas these blockchain solutions could aim to cover, including licensing, antifraud, contracts, medical marijuana, and crowdsourcing â but emphasizes several times that the nature of project proposals left intentionally open to encourage innovation.
Proposals will reportedly be reviewed and graded on a point system according to the following criteria, which are further explained in the document:
Grading table. Source: ri.gov
The technical proposal needs to be assigned at least 50 points by graders from the technical evaluation committee in order to move on to the demonstration/proof of concept interview and cost proposal required thereafter.
At the end of February, Rhode Island representatives introduced a bill that seeks to exclude blockchain tokens from extant state securities laws via amendments to the Rhode Island Securities Act. The bill specifies that this would only apply to non-utility tokens, i.e. tokens used for a âconsumptive purpose.â
As previously reported by Cointelegraph, research organization Data Foundation and IT firm Booz Allen Hamilton recently published a report on successful blockchain solutions in government. The research included gathering data from seven successful blockchain solutions currently existing at the federal level, and concluded with criteria they suggested for determining successful use cases.
Successful programs they observed were implemented by federal entities such as the Food and Drug Administration (FDA), the Department of Health and Human Services, and the Department of Defense.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.