U.S. Senate wants to test blockchain for national security
Share link:In this post: U.S. Senate has mandated the use of blockchain in its national defense efforts. It wants to make America a leader in blockchain. The Biden Administration is seemingly softening its criticism of crypto, likely inspired by Trump’s campaign.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualifie
The U.S. Senate Committee on Armed Services under Joe Biden has made the decision to allow the use of blockchain for supply chain management and other national security applications within the Department of Defense (DOD).
This was included in its latest National Defense Authorization Act (NDAA) report . It states that:
“The committee acknowledges the potential uses of blockchain technology for national security purposes.”
With other countries having gotten into blockchain research, the U.S. is scampering to hold onto what it believes is its right to be a global technological leader.
The committee claims that its main focus with this is to make sure there is “transparency, accountability, and auditability,” in the U.S. national defense system so that its overall cryptographic integrity is improved.
The Secretary of Defense, Lloyd Austin, must get back to the committee by April 1st with a detailed briefing that assesses the pros and cons of having blockchain in America’s supply chains.
It must also analyze the current state of blockchain adoption within the DOD and the defense industrial base, and include resource estimates required to fully integrate it. The report added:
“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.”
The Senate wants to know exactly what the blockchain-friendly China and Russia are doing so it can follow their lead and hopefully surpass them.
This comes as the Republicans are increasing their support of crypto, oppressing the Democrat-dominated government and forcing them into ditching their anti-crypto rally.
Just yesterday, the GOP included Bitcoin mining and self-custody rights in its party platform draft.
The Republicans have been promising to end the Dems’ crackdown on crypto, because it is “unlawful and unAmerican.” They promise Americans that they do not wish to surveil what they do with their money.
They’ve also made it clear that they are anti-CBDC and have accused Biden of trying to use it so he can control Americans’ finances.
This is why the crypto industry is in support of Donald Trump winning the election. If he does, he has promised to mine the remaining Bitcoins in America if elected.
Reporting by Jai Hamid
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
