New York A06461 amends the economic development law to redefine financial services data centers and customer back office operations to include.
New York A06461 amends the economic development law by updating definitions related to financial services data centers and customer back office operations. It specifies that these operations include distributed ledger technology, which is a mathematically secured, chronological, and decentralized consensus ledger or database. This technology is used to authenticate, record, share, and synchronize transactions in electronic ledgers or databases.
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