Jimmy Patronis to address Blockchain Task Force

Technology can be used to record cryptocurrency transactions.

Chief Financial Officer Jimmy Patronis will speak Monday with the Florida Blockchain Task Force about the changing currency world.

Blockchain, a method of recording transactions of cryptocurrencies like Bitcoin, has been a priority for the Cabinet member. He has pushed for better ways to prevent fraud and follow transactions with nontraditional currencies.

The Task Force meets at 1 p.m. Monday in the Senate Office Building in Tallahassee.

The Florida Legislature also has given strong attention to the issue.

A blockchain is a digital ledger that allows parties to conduct transactions without the use of a third party acting as a central authority to validate those transactions. It ensures the identities of parties in a transaction are identified, and that parties agree on details of transactions. For each transaction that occurs, it gets permanently encoded into a block of data and given a digital signature.

The technology could be used for a variety of financial purposes by state and local governments. For example, it can used for online casino activity, for example.

The Florida Legislature last year created the task force through a bill (SB 1024) signed by Gov. Ron DeSantis in May.

The group will study ways state, county and municipal governments can benefit from transitioning to a blockchain-based system for recordkeeping, security, and service delivery.

Part of that includes preparing recommendations to bring back to the Governor and Legislature.

Patronis has made crypto-currency regulation a priority. In March, he launched a Consumer Protections website specifically to educate consumers and guard against scams.

“Cryptocurrency is a new word for many Floridians and it’s critical that you fully understand how new forms of digital and virtual currency work before you invest,” he said at the time.

“It’s my goal to ensure Florida’s consumers are informed of the risks and benefits of this emerging industry and know how to protect themselves from fraud and scams.”

Jacob Ogles

Jacob Ogles has covered politics in Florida since 2000 for regional outlets including SRQ Magazine in Sarasota, The News-Press in Fort Myers and The Daily Commercial in Leesburg. His work has appeared nationally in The Advocate, Wired and other publications. Events like SRQ’s Where The Votes Are workshops made Ogles one of Southwest Florida’s most respected political analysts, and outlets like WWSB ABC 7 and WSRQ Sarasota have featured his insights. He can be reached at [email protected].

One comment

  • Robert Jensen

    September 23, 2019 at 2:30 pm

    Re: Mr. Buchanan distributed your article “Buchanan Calls for Holocaust Education” to his voters touches a hot button with me.there is no more appalling fact of human existence then the taking of human life, whether en masse or singularly. in few cases there may be exceptions for the highest level of cause.

    i am not Jewish. i respect the Jewish people and their cultural history and i relate to their long suffering. but, all of this to say that your point about politics playing to the Jewish American population is not to disregard nor suggest we ignore the continued prejudice Jews continue face here and abroad.

    but, the problem both historical and current is not only Jewish but involves hundreds upon hundreds of massacres reaching to the level of genocide. so we think of the Holocaust as a Jewish issue; what about the hundreds of thousands of ethnic poles killed by germans and russians ? the thousands of innocents killed by warring militias in africa ? the ‘disappeared’ in argentina and chile? USA massacres of native american Indians ? the khemer (sp?) rouge in cambodia ? the japanese massacres in SE asia during ww2 ? and the routine daily massacres of average americans on our streets, schools, clubs and shops ?………..all one need do is google to be informed of the magnitude going back to ancient civilizations. onee can hardly use the prefix ‘civil’.the issue is not just a Jewish issue it is an across the board human atrocity issue that needs to be addressed through education and often by the direct actions of enlightened military police enforcement. this is the message i left with Buchanan. i trust he will read and act on the idea. thank you for your article. Robert Jensen

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