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The Senate committee is urging the Division of Protection (DOD) to analyze blockchain functions to boost nationwide safety and create safe, clear, accountable, and auditable knowledge for provide chains.
The US Senate Committee on Armed Providers is now mulling the usage of blockchain technology with a view to conduct nationwide safety checks in a safe atmosphere. Because of this, the Senate Committee directed the Secretary of Protection, Retired Basic Lloyd Austin, to check potential functions utilizing blockchain know-how for nationwide safety functions and provide chain administration inside the US Division of Protection (DOD).
On Tuesday, July 9, the US Senate Committee on Armed Providers issued the fiscal report for the 12 months 2025 Nationwide Protection Authorization Act (NDAA). It additionally consists of particular authorizations for all wings of the armed protection forces.
Whereas recognizing the potential of blockchain know-how, the Committee seeks to boost the availability chains of US nationwide protection and financial competitiveness. The report notes:
“The committee notes that blockchain know-how has the potential to boost the cryptographic integrity of the protection provide chain, enhance knowledge integrity, and scale back the chance of the manipulation or corruption of sure varieties of knowledge by near-peer opponents.”
The Senate committee is urging the Division of Protection (DOD) to analyze blockchain functions to boost nationwide safety and create safe, clear, accountable, and auditable knowledge for provide chains. To advance this initiative, the committee has instructed Secretary Austin to ship a briefing by April 1, 2025.
Six Key Findings of the Blockchain Briefing
The Senate committee said that the blockchain briefing should embrace six key findings. This features a pilot program with R&D efforts thereby exploring the usage of blockchain know-how in nationwide safety functions together with cybersecurity for vital infrastructure property, provide chain administration, and procurement accountability.
Different duties contain assessing the benefits and potential dangers of blockchain for monitoring and managing provide chains, evaluating the present adoption of blockchain within the provide chain sector each domestically and internationally, similar to in China and Russia, and figuring out feasibility and price projections.
The blockchain and crypto trade of the US is taking a flip for the nice with lawmakers displaying openness in direction of digital property. Based on a July 8 replace on the marketing campaign web site of Republican Celebration presidential candidate Donald Trump, the Republican Nationwide Committee has accepted a draft coverage platform that features assist for cryptocurrencies and Bitcoin mining.
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