Arizona Passes Blockchain & Smart Contracts Law

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Governor of Arizona, Doug Ducey, signed HB 2417 (1) giving legal status to Smart Contracts and Blockchain based signatures.

This law specifies that signatures secured by the blockchain are valid electronic signatures and that intelligent contracts are legal and enforceable contracts under Arizona’s law. Arizona’s House and Senate approved Bill HB 2417 almost unanimously.

The state of Arizona is joining a growing number of states to incorporate Blockchain technology into a recognized legal business by giving it a legal status.

(1) https://legiscan.com/AZ/text/HB2417/id/1497439

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