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The US Senate Committee on Armed Providers tasked Secretary of Protection Retired Basic Lloyd Austin on July 9 with exploring the potential functions of blockchain know-how for enhancing provide chain administration and different nationwide safety features throughout the US Division of Protection (DOD).
The Nationwide Protection Authorization Act (NDAA) committee’s report for the fiscal year 2025 outlined particular authorizations for the Military, Navy, Air Power, and Protection-wide applications.
US Senate Recognition of Blockchain Potential
In line with the committee, blockchain know-how might considerably enhance the cryptographic integrity of protection provide chains, improve information accuracy, and mitigate the danger of information manipulation or corruption by near-peer opponents.
The Senate committee has directed the DOD to discover blockchain’s numerous use instances to fulfill nationwide safety aims and set up safe, clear, and auditable provide chain information.
The US Senate Committee on Armed Providers recommends the Division of Protection discover #blockchain know-how for nationwide safety functions, notably in provide chain administration.
This directive, a part of the FY2025 Nationwide Protection Authorization Act, goals to boost information… pic.twitter.com/MrhsGp3KOM
— DA Sails (@da_sails) July 9, 2024
Because the committee’s report outlines, the take a look at ought to embody pilot applications and analysis efforts, exploring nationwide safety functions corresponding to provide chain administration, cybersecurity for important infrastructure, and procurement auditability.
Moreover, the analysis ought to assess the advantages and dangers of blockchain in provide chain monitoring and administration, study the present state of blockchain adoption in each the US and international locations like China and Russia, and supply feasibility and price estimates for implementation.
The committee has directed Secretary of Protection Retired Basic Lloyd Austin to submit a briefing on the areas of testing by April 1, 2025.
This directive comes amid growing advocacy for crypto adoption by US politicians, particularly the Republicans.
On July 8, the Republican Nationwide Committee drafted a policy platform to assist cryptocurrency. The platform emphasizes defending the suitable to mine Bitcoin, making certain Individuals’ proper to self-custody digital property, and permitting transactions free from authorities surveillance and management.
Rising Nationwide Help for Cryptocurrencies and Blockchain Safety Expertise
Apart from its position within the finance sector, as seen with China’s launch of blockchain infrastructure to facilitate secure cross-border transactions, the know-how has additional advanced into numerous functions like decentralized databases used to boost transparency and safety.
International locations worldwide are actually figuring out blockchain as a vital instrument for stopping counterfeiting whereas securing delicate information. Germany’s strategy to blockchain exemplifies this, with the nation specializing in functions inside healthcare.
The German Federal Ministry of Health has explored blockchain’s potential by workshops and pilot initiatives, corresponding to safe digital prescriptions and decentralized affected person consent providers.
Recall that CryptoNews reported in June that the South Korean authorities plans to launch a $14.5 million blockchain support program as a part of its efforts to assist blockchain know-how.
In the meantime, Nigeria is one other nation forging forward with its current plans to develop an indigenous blockchain know-how, “Nigerium,” beneath the supervision of its Nationwide Info Expertise Improvement Company (NITDA).
PRESS STATEMENT
FEDERAL GOVERNMENT APPROVES NATIONAL BLOCKCHAIN POLICY FOR NIGERIA
The Federal Govt Council permitted the Nationwide Blockchain Coverage for Nigeria throughout its assembly at present, the third of Might, 2023. This adopted the presentation of a memo by the Honourable… pic.twitter.com/CE7UrAKfjI
— Fed. Min. of Comms, Innovation & Digital Financial system (@FMCIDENigeria) May 3, 2023
The NITDA’s initiative follows the approval of Nigeria’s nationwide blockchain coverage in 2023, which supplies a authorized framework for blockchain adoption.
This initiative aligns with Nigeria’s broader efforts to leverage blockchain know-how for nationwide safety and financial empowerment, constructing on earlier initiatives just like the eNaira digital foreign money.
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