Welcome to “PEO Pointers,” an everyday sequence of quick-read alerts to maintain PEOs and their shopper corporations in control on the newest points affecting the trade and what they will do to make sure compliance.
California has doubled down on its transfer towards the regulation of corporations working in blockchain – and it’s one more sign that PEOs want to begin listening to this expertise if you wish to keep related within the fashionable enterprise setting. On the heels of introducing a bill last month that would require California’s Employment Development Department to use blockchain technology to control fraudulent claims for unemployment benefits, Governor Newsom simply issued an Government Order that calls upon several government agencies to begin the process of creating a regulatory approach to crypto assets and explore incorporating blockchain technologies into government operations.
Whereas it isn’t clear that both of those occasions may have any speedy influence on your small business, the implication of those strikes is evident: PEOs and their purchasers want to concentrate to blockchain expertise and its motion into mainstream enterprise and authorities operations. Within the not-too-distant future, PEOs and their purchasers might be known as upon to have a working understanding of blockchain expertise and the power to include blockchain applied sciences in a few of their enterprise features.
A very good start line? We’ve got a sequence of brief movies explaining blockchain expertise, cryptocurrency, good contracts, and NFTs you can watch here.