A pair of legislators in the U.S. House of Representatives have just introduced a bill to establish a common definition of blockchain technology. Called the Blockchain Promotional Act of 2018, the bill — which is being co-sponsored by Rep. Doris Matsui (D-CA) and Brett Guthrie (R-KY) — would require the U.S. Commerce Department to create a working group that would bring together federal officials and industry leaders. Among their tasks would be defining just what blockchain technology is. The group would also be responsible for making recommendations to the Federal Communications Commission (FCC) and the National Telecommunications and Information Administration (NTIA) relating to blockchain technology. These recommendations could include how the agencies could adopt the technology. Rep. Matsui believes that blockchain technology could play a major role in transforming the world's digital economy. She further said that the technology could increase transparency, and that it could lead to both efficiencies and improved security. The legislation comes in the wake of three other recent U.S. bills relating to blockchain technology, which were introduced by Rep. Tom Emmer (R-MN) last month. These bills included the Safe Harbor for Taxpayers with Forked Assets Act, the Resolution Supporting Digital Currencies and Blockchain Technology and the Blockchain Regulatory Certainty Act. These bills have been introduced largely in response to calls, from both industry leaders and legislators, for more government support of both blockchain technology and cryptocurrency use. Just last week, nearly 50 representatives from both cryptocurrency firms and top Wall Street companies got together, and a big focus of their discussions was on cryptocurrency legislation as well as issues relating to initial coin offerings (ICOs). Deloitte, which is one of the largest accounting and consulting firms in the world, recently noted that regulatory uncertainty was one of the major reasons preventing the further adoption of blockchain technology. Other hindrances they said include the lack of standardization, a lack of cooperation between blockchain companies, development costs and a high degree of application complexity.