; Whereas public trust in blockchain is improved by the development and use of open-source protocols and platforms; Whereas a smart contract is a collection of code and data stored on blockchain that enables the automatic execution of the terms of a contract upon the occurrence of a pre-programmed condition; Whereas a thorough assessment of the potential uses and the legal implications of smart contracts is necessary; Whereas it is necessary to closely monitor emerging cyber-threats to ensure the reliability of blockchain platforms; Whereas the appropriate agencies should develop mechanisms to stress test blockchain applications; Whereas different blockchain processes and applications can benefit from efforts by organizations like the National Institute of Standards and Technology and the International Organization for Standardization in creating common standards to ensure interoperability and efficiency in working with legacy platforms; Whereas regulation of blockchain should be innovation friendly and should avoid giving preference to a particular technological approach or business model; and Whereas digital skill training is necessary to help make full use of the potential of blockchain; Now, therefore, be it