The bill establishes the Blockchain Promotion and Integration Program under the New Jersey Commission on Science, Innovation and Technology, in collaboration with the New Jersey Economic Development Authority. The program aims to enhance public awareness of blockchain technology, assist businesses in integrating these technologies, and foster connections within the business community. It includes provisions for research on commercial opportunities, technical and financial assistance for blockchain companies considering New Jersey, and efforts to represent local firms in national and international markets.

Additionally, the bill mandates the Commission to analyze the current state of blockchain and decentralized digital technology sectors in New Jersey, focusing on public awareness, integration with businesses, and emerging trends. The Commission is required to consult with the New Jersey Blockchain Council and partner with small business groups to maximize the program's impact. Furthermore, it must report to the Governor and Legislature within one year of enactment and every three years thereafter, providing insights and recommendations for better integration of blockchain technologies in the state's business landscape.