SF0066

Requires the University of Wyoming Center for Blockchain and Digital Innovation to collaborate with the Secretary of State to develop a blockchain or distributed ledger filing system for state filings, and appropriates $2 million for development.

• Requires the University of Wyoming Center for Blockchain and Digital Innovation to develop a filing system using blockchain or distributed ledger technology that accepts all filings currently required by state law under titles 17, 34.1, 34, and 40. (Section 1(a), Section 1(d)(iii))
• Specifies that the filing system shall incorporate blockchain or distributed ledger technology as its framework, including application programming interfaces, security measures, and authenticated digital corporate identity components as determined by the Secretary of State. (Section 1(a)(i))
• Authorizes the filing system to accept existing and future blockchain-based filings including digital asset lien registries, digital identity registration, and digital asset registration. (Section 1(a)(ii))
• Permits the University of Wyoming Center to develop its own blockchain or distributed ledger technology or contract with private companies to create or use existing technology for the filing system. (Section 1(a)(iii))
• Authorizes consultation with interested parties including businesses, registered agents, attorneys, law enforcement, and technology innovators before and during development of the filing system. (Section 1(b))
• Provides that the Secretary of State may allow testing and implementation of the filing system at their discretion, but is not required to implement it. (Section 1(c))
• Authorizes the Secretary of State to adopt rules to implement the act. (Section 2)
• Creates a digital ledger filing system account and directs the first $2 million collected under W.S. 17-16-1630 to be deposited into the account beginning April 1, 2025. (Section 3(a))
• Appropriates $2 million from the digital ledger filing system account to the University of Wyoming Center for Blockchain and Digital Innovation for development, with quarterly distributions through June 30, 2027, and any unexpended funds reverting to the general fund.