US Government Turns To Blockchain Solutions

US Government Turns To Blockchain Solutions

The US government`s main logistical agency is investigating blockchain as a potential way to reshape its contract review process. According to a re

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The US government`s main logistical agency is investigating blockchain as a potential way to reshape its contract review process.

According to a request for quotation published on June 19., the General Services Administration is seeking a contractor to help it assess how blockchain could be integrated into FAStline, a system launched last year. On its official website fbo.gov. , the agency wrote:

“The purpose of this RFQ is to obtain contractor support to develop a proof of concept for DLT (Distributed Ledger Technology), automated machine learning technology, and/or artificial intelligence based exchange implementation into GSA’s Multiple Award Schedule (MAS) FAStlane new offer proposal review processes.”

Moreover, any blockchain-related implementation is required to  be “cryptocurrency agnostic and not monetize mining”, as well as able to support smart contracts, as coindesk.com revealed in a report.

In addition, the system should constitute  “a permissioned ledger that uses multiple cloud platforms for redundancy and high-availability and key management”, as the publication added.

As a GSA official told a Washington, DC radio station, the agency is trying to investigate how the technology can assist federal agencies.

While in proof-of-concept, the GSA`s request indicated that blockchain technology could potentially be used in the public sector.

The logistical agency said that the request is open to bids until July 10.

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