Category Archives: business trend

Lege TREND. +1 State Blockchain Bill. Business Transactions. Contracting Procurement Changes. Read the Bill.

Ohio’s  SB 220 (2018 | OH), signed by the Governor, will establish these blockchain standards:

  • blockchain transactions are legitimized as enforceable electronic transactions
  • applies to electronic records using blockchain
  • applies to electornic signatures using blockchain
  • amends the definition of “electronic record” to include blockchain
  • amends the definition of “electronic signature” to include blockchain

SB 220 would apply to state contracting and state procurement.

 

Lege Trend. Liability Protection for Business Investment in Data Security. Read the Bill

Ohio’s  SB 220 (2018 | OH)

If a business’ cybersecurity procedures reasonably conform to any of these:

(a) The security requirements of the “Health Insurance Portability and Accountability Act of 1996,” as set forth in 45 CFR Part 164 Subpart C;

(b) Title V of the “Gramm-Leach-Bliley Act of 1999,” Public Law 106-102, as amended;
(c) The “Federal Information Security Modernization Act of 2014,” Public Law 113-283;
(d) The “Health Information Technology for Economic and Clinical Health Act,”…

Business TREND. 5 Types of Public Education student data that can be collected

  • Student identity data: Demographic and biometric information
  • User interaction data: Engagement metrics for educational content
  • Inferred content data: Data concerning how instructional material improves student proficiency
  • System-wide data: Administrative data about students, including attendance, disciplinary records and overall academic performance.
  • Inferred student data: Inferences based on teacher, content & student data that can be used to make predictions about student outcomes.

Ed…

Regulatory TREND. 10 Requirements for a Initial Coin Offering in NJ

New Jersey Financial Services Commission has 10 requirements for Jersey ICO issuers:

  • Be incorporated as a Jersey company.
  • Receive consent under the COBO from JFSC before any action is taken (the consent process is detailed further in the Guidance Note).
  • Comply with JFSC’s Sound Business Practice Policy.
  • Apply relevant anti-money laundering and other such requirements to ICO purchasers.
  • Appoint and maintain a trust company business (“TCSP”).
  • Appoint and maintain a Jersey resident director.

    • …

Regulatory TREND. 5 Activities Requiring BITLICENSE in NY

NY Department of Financial Services requires a bitLicense for any of the following acitivities:

  • Virtual currency transmission
  • Storing, holding, or maintaining custody or control of virtual currency on behalf of others
  • Buying and selling virtual currency as a customer business
  • Performing exchange services as a customer business
  • Controlling, administering, or issuing a virtual currency
     

BitLegal | The New York Department of Financial Services (NYDFS), grants a virtual currency (VC) license…

Campaign & Lege TREND. Data Collection by Businesses. 1st Proposal in the Nation.

A ballot proposition in California would:

  • allow Californias to tell businesses not to sell their personal information
  • permit Californians lawsuits if  a business fails to implement reasonable security procedures and later suffered a data breach
  • creates a right to know for consumers to know when a business sells or discloses their information for a business purpose

Exception to the ballot proposal?

business that collect less than $50 million in annual revenue and meet certain other standards…

Lege Trend. Create a nonprofit + Partner with a Univeristy Law School = Legislative & Regulatory Recommendations

State: Vermont

Grid Security Partners:

  • Protect Our Power, an independent, nonprofit organization
  • The Institute for Energy and the Environment at Vermont Law School

Goal of Partnership: to make the grid more resistant to physical or cyber threats & to improve its ability to restore power quickly in the event of an attack

Outcome: offer regulatory and legislative proposals

Valley News | Vermont Law School Team to Research Electrical Grid Security

Business TREND. Insurance Market Support for Data Security Laws

Insurance market expected an increase in policies after the the EU passed GDPR, here’s waht happened:

  •  language in GDPR isn’t clear on whether insurance policies can cover the hefty fines of up to 20 million euros or 4% of global revenue.
    • language is unclear and clarification is up to local regulators
  • 90% of the cyber policy market is in the US
  • Analysts expect a pick up in the European share of cyber policies

Wall Street Journal | Why Europe’s Cyber Insurance Windfall Hasn’t Happened 

Business Trend. Smart Cities + Energy Storage = Municipal Cloud Storage

The companies : Blink Charging & Israeli smart city developer Ya’acobi Brothers Group

The benefits of EV Charging via City Infrastructure:

  • Enable smart city infrastructure
  • Permits integration with wif-fi, cloud networks, cameras for city data management

Utility Dive | Blink eyes significant EV charging expansion via smart streetlights