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File #: 19-0601    Version: 1 Name: CALLING FOR A HEARING ON THE ILLINOIS BLOCKCHAIN TASK FORCE REPORT AND THE APPLICATIONS OF ITS FINDINGS TO COOK COUNTY
Type: Resolution Status: Held / Deferred in Committee
File created: 12/5/2018 In control: Legislation and Intergovernmental Relations Committee
On agenda: 12/12/2018 Final action:
Title: PROPOSED RESOLUTION CALLING FOR A HEARING ON THE ILLINOIS BLOCKCHAIN TASK FORCE REPORT AND THE APPLICATIONS OF ITS FINDINGS TO COOK COUNTY WHEREAS, blockchains offer enormous potential for the storage and maintenance of data and records; and WHEREAS, a blockchain is a database that is replicated over a peer-to-peer network that is designed to achieve consistent and reliable agreement over a record of events between independent participants through consensus about changes to the state of the shared database; and WHEREAS, blockchains allow digital information to be distributed, but not copied, making it very difficult to inappropriately modify the original data. Anything of value, money, titles, deeds, votes, and identity attributes can be exchanged, stored, and managed securely and privately; and WHEREAS, there are a variety of potential applications of blockchains to manage the voluminous data that Cook County manages, including, but not limited to, applications in the Office of t...
Sponsors: LARRY SUFFREDIN, ALMA E. ANAYA, LUIS ARROYO JR, SCOTT R. BRITTON, JOHN P. DALEY, DENNIS DEER, BRIDGET DEGNEN, BRIDGET GAINER, BRANDON JOHNSON, BILL LOWRY, DONNA MILLER, STANLEY MOORE, KEVIN B. MORRISON, SEAN M. MORRISON, PETER N. SILVESTRI, DEBORAH SIMS, JEFFREY R. TOBOLSKI
title
PROPOSED RESOLUTION

CALLING FOR A HEARING ON THE ILLINOIS BLOCKCHAIN TASK FORCE REPORT AND THE APPLICATIONS OF ITS FINDINGS TO COOK COUNTY

WHEREAS, blockchains offer enormous potential for the storage and maintenance of data and records; and

WHEREAS, a blockchain is a database that is replicated over a peer-to-peer network that is designed to achieve consistent and reliable agreement over a record of events between independent participants through consensus about changes to the state of the shared database; and

WHEREAS, blockchains allow digital information to be distributed, but not copied, making it very difficult to inappropriately modify the original data. Anything of value, money, titles, deeds, votes, and identity attributes can be exchanged, stored, and managed securely and privately; and

WHEREAS, there are a variety of potential applications of blockchains to manage the voluminous data that Cook County manages, including, but not limited to, applications in the Office of the Cook County Clerk, Recorder of Deeds, Assessor, Clerk of the Circuit Court and much more; and

WHEREAS, on November 30, 2016, the State of Illinois formed the Illinois Blockchain Initiative to explore how Blockchain could help spur economic development in the State; and

WHEREAS, the Illinois Blockchain Task Force was charged by Illinois House Joint Resolution 25, which was adopted by both houses on June 28, 2017, to study aspects of distributed ledger technology that includes opportunities and risks associated with using blockchain, different types of blockchains (public and private), as well as projects and use cases in other states and domains that Illinois could consider utilizing; and

WHEREAS, on January 31, 2018, the Illinois Blockchain and Distributed Ledger Task Force issued a report on:

1) opportunities and risks associated with using blockchain and other distributed ledger technologies,
2) the different types of blockchains, public and private,
3...

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