PROVIDENCE, R.I. – As part of its ongoing efforts to become a national leader in innovation, the State of Rhode Island has issued a request for proposals (RFP) inviting the blockchain industry to submit proofs of concept that could apply blockchain technology to improve or enhance state government operations.
"Rhode Island aims to be a leader in government efficiency and innovation and we believe exploring the possibilities of blockchain technology is a step toward modernization in government," said Director of the Department of Business Regulation Liz Tanner. "This will encourage blockchain businesses to demonstrate their value to government entities, and I encourage blockchain-based businesses to consider Rhode Island to test blockchain technology within government."
Suggested areas of application in the RFP include antifraud, contracts, medical marijuana, records, notarization, registration and licensing, investigative evidence control and more. With proofs of concept, the State can gain a better understanding of the maturity of blockchain technologies and platforms, as well as potential sustainability in state government operations.
"This is really the first step to see what's out there and if blockchain technology can help improve government processes in the future," said state Chief Information Officer/Chief Digital Officer Bijay Kumar. "I am excited to see the possibilities and to learn more about how this new technology is helping other public and private entities reach new levels of innovation in business, security and other areas."
Blockchain is a distributed ledger technology that records and shares each transaction that occurs in a network, resulting in a more secure, decentralized system. The most commonly known way to use blockchain technology is with digital currencies, but the State is looking to explore other ways to use it to enhance efficiency, transparency, accuracy, security and business-friendliness within state government.
Click here for a link to the RFP: http://www.purchasing.ri.gov/RIVIP/StateAgencyBids/7598824.pdf. For more information about the Department of Business Regulation, visit www.dbr.ri.gov.