US Agencies Look Into Blockchain Technology

US Agencies Look Into Blockchain Technology

Federal agencies are exploring blockchain technology in an effort to better evaluate and understand it.

What Should We Expect From AI In 2018?
Berlin-based Fly Ventures Closes $41 M Fund
Google, Baidu, Intel & Apple Are Racing for AI Start-ups

Federal agencies are exploring blockchain technology in an effort to better evaluate and understand it.

As part of the Emerging Citizen Technology program, agencies, start-ups, small businesses, civic organizations and inter-agency communities collaborate to implement public service modernization initiatives related to blockchain technology, artificial intelligence for citizens, virtual and augmented reality, as well as social technologies.

According to the press statement, the US government works with experts on all aspects of compliant use of modern technologies. For example, use cases referring to privacy, security, accessibility, transparency, accountability and performance are taken into account. Furthermore, the press release explains how it works:

  • collection and analysis of potential use cases;
  • engaging in inter-agency collaboration with our partners; then
  • planning pilots, host hackathons and identify other paths to the development of shared evaluation resources and potential adoption of the technology.

When it comes to blockchain technology, agencies submit use cases that concern many parts and processes of an organization. Some of them are listed below:

  • Financial management
  • Procurement
  • IT asset and supply chain managementSmart contracts
  • Patents, Trademarks Copyrights, Royalties
  • Government-issued credentials like visas, passports, SSN and birth certificates
  • Federal personnel workforce data
  • Appropriated funds
  • Federal assistance and foreign aid delivery

Also, the government hosted the first Federal Blockchain Forum that was held on July 18, 2017 in the US. More than 100 federal managers from different agencies attended the event. Agency teams submitted their potential uses cases for Blockchain technology to their repository of almost 200 submissions, as explained on the official website of the government.

More information is available here.

COMMENTS