U.S. Senate Approves Blockchain for National Defense
The U.S. Senate Committee on Armed Services has recently approved the testing of blockchain for national security purposes. This decision is unexpected but required, and marks the start of blockchain integration within the DOD (Department of Defense).
Also Read: U.S. Space Force Major Declares Bitcoin is of ‘National Importance’
DOD Blockchain Adoption: Enhancing Supply Chain Management and Crypto Integration
In the latest National Defense Authorization Act (NDAA) report, the committee stated:
“The committee acknowledges the potential uses of blockchain technology for national security purposes.”
This statement makes it obvious that some of the most important changes to the U.S. blockchain initiative want to improve its transparency, accountability, and auditability.
Fortunately, these objectives match the characteristics of blockchain setups, so it sounds like a great idea.
Also Read: US Senate Overturns SEC Rule Barring Firms From Holding Bitcoin
Strengthening Defense Supply Chains with Blockchain Technology
One of the most important areas where DOD blockchain adoption is considered is supply chain management. This technique has the potential to improve the defense and integrity of supply chains.
The NDAA report further states:
“The committee notes that blockchain technology has the potential to enhance the cryptographic integrity of the defense supply chain, improve data integrity, and reduce the risk of the manipulation or corruption of certain types of data by near-peer competitors.”
As other nations are also starting to apply blockchain research and implementation, the U.S. is also interested in keeping up with the times.
A detailed briefing on this topic has been requested to create an optimized plan for the DOD’s blockchain adoption process.
Also Read: BRICS: China Unveils Blockchain Project to End US Dollar in Trade
The briefing will explore the pros and cons of incorporating blockchain into America’s supply chains. Furthermore, it will also analyze the current state of the blockchain adoption process within the DOD, and explore some estimates for the full integration.
As we witness the world’s systematic adoption of blockchain technology in varied areas of government, finances, and politics, we are curious to see how it evolves.
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U.S. Senate Approves Blockchain for National Defense
The U.S. Senate Committee on Armed Services has recently approved the testing of blockchain for national security purposes. This decision is unexpected but required, and marks the start of blockchain integration within the DOD (Department of Defense).
Also Read: U.S. Space Force Major Declares Bitcoin is of ‘National Importance’
DOD Blockchain Adoption: Enhancing Supply Chain Management and Crypto Integration
In the latest National Defense Authorization Act (NDAA) report, the committee stated:
“The committee acknowledges the potential uses of blockchain technology for national security purposes.”
This statement makes it obvious that some of the most important changes to the U.S. blockchain initiative want to improve its transparency, accountability, and auditability.
Fortunately, these objectives match the characteristics of blockchain setups, so it sounds like a great idea.
Also Read: US Senate Overturns SEC Rule Barring Firms From Holding Bitcoin
Strengthening Defense Supply Chains with Blockchain Technology
One of the most important areas where DOD blockchain adoption is considered is supply chain management. This technique has the potential to improve the defense and integrity of supply chains.
The NDAA report further states:
“The committee notes that blockchain technology has the potential to enhance the cryptographic integrity of the defense supply chain, improve data integrity, and reduce the risk of the manipulation or corruption of certain types of data by near-peer competitors.”
As other nations are also starting to apply blockchain research and implementation, the U.S. is also interested in keeping up with the times.
A detailed briefing on this topic has been requested to create an optimized plan for the DOD’s blockchain adoption process.
Also Read: BRICS: China Unveils Blockchain Project to End US Dollar in Trade
The briefing will explore the pros and cons of incorporating blockchain into America’s supply chains. Furthermore, it will also analyze the current state of the blockchain adoption process within the DOD, and explore some estimates for the full integration.
As we witness the world’s systematic adoption of blockchain technology in varied areas of government, finances, and politics, we are curious to see how it evolves.
Read More
Mastercard’s Blockchain Bet: A Venmo-Like Crypto Revolution