Governor John Kasich signed a bill into law on Friday, August 3, 2018, adding Ohio to the list of U.S. states enacting blockchain legislation. Introduced last October and passed by the House at the end of June, SB 220 legally recognizes records or contracts and signatures secured through blockchain technology. Specifically, the bill amends Section 1306.01 of Ohio’s Uniform Electronic Transactions Act, reflecting a “record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record,” and a “signature that is secured through blockchain technology is considered to be in an electronic form and to be an electronic signature.” This language was incorporated from an earlier bill introduced in May, SB 300, although language legally recognizing smart contracts was cut.
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