2019 #COleg: SB19-184 (Authority Colorado Water Institute Study Blockchain Technology) would authorize research of block chain applicability to markets, water banking, water rights, and administration

A headgate on an irrigation ditch on Maroon Creek, a tributary of the Roaring Fork River. Photo credit: Aspen Journalism/Brent Gardner-Smith

From CoinDesk.com (Yogita Khatri):

Lawmakers in Colorado want the U.S. state to study the potential of blockchain technology in water rights management.

Republican senator Jack Tate, along with representatives Jeni James Arndt (Democratic) and Marc Catlin (Republican), filed [SB19-184 (Authority Colorado Water Institute Study Blockchain Technology)] on Tuesday, proposing that the Colorado Water Institute should be granted authority to study how blockchain technology can help improve its operations.

The institute, an affiliate of Colorado State University, should study various use cases of blockchain tech, including water rights database management, the establishment of water “banks” or markets, and general administration, according to the bill.

The study would be carried out only after the institute has received enough money, and would be allowed to solicit and accept donations from private or public institutions for the purpose. The findings should later be reported to the general assembly, the lawmakers said.

The Colorado Water Institute has the mission to “connect all of Colorado’s higher education expertise to the research and education needs of Colorado water managers and users.”

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