Wyoming gearing up to attract tech businesses

A state known for cowboys and stunning mountain vistas is positioning itself as a leader in a new field of technology.

Proponents say blockchain is the kick in the pants Wyoming needs to attract tech businesses and boost its economy. Blockchain is the networked ledgering technology behind cryptocurrencies including bitcoin.

In March, Gov. Matt Mead signed four bills that arguably make the least-populated state friendlier to blockchain technology than any other.

Dozens of companies with names like "Block Chain Gang" and "Crypto Cowboy" are now incorporating in Wyoming. But time will tell whether Wyoming's bet on blockchain pays off.

So far, the vast majority of the businesses exist only as electronic paperwork.