Arizona Passes Groundbreaking Blockchain and Smart Contract Law – State Blockchain Laws on the Rise
New Media and Technology Law
APRIL 20, 2017
Late last month, Arizona Governor Doug Ducey signed HB 2417 into law. This law clarifies some of the enforceability issues associated with the use of blockchain and smart contracts under Arizona law, in particular with respect to transactions relating to the sale of goods, leases, and documents of title governed respectively under UCC Articles 2, 2A and 7. Arizona is not the first state to expressly address blockchain in statutory law.