Later this yr, the U.S. Department of Defense (DoD) will give a report back to Congress about methods during which blockchain expertise may improve the work of the U.S. navy.
The D.C.-based Value Technology Association (VTA) helped lead the cost in requiring DoD to place put together such a hearing to, VTA President Jason Brett mentioned in a video interview with CoinDesk on the Consumer Electronics Show (CES) in Las Vegas final week.
"What our Value Technology Foundation labored on was a blockchain briefing," Brett mentioned. "We wanted the military to look at it so they could invest a long period of time in how the blockchain could evolve into something as strong as the internet."
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Such a report may very well be a lift to the broader business. "It requires the navy to share with Congress how there may be some private-sector use instances that may be adopted from the way in which the navy may use the blockchain," Brett defined.
The blockchain language seems in the convention report based mostly on language in Section 255 of Senate Bill 1790, which one-handed into regulation on Dec. 20. Brett's group collaborated with the work of Rep. Darren Soto (D-Fla.) to get the language into the report.
Naturally there's the hazard that the report will come again with a unfavorable view of the expertise.
"That's clearly the chance you are taking when you power have one in every of these hearings," Brett said. His organization will attempt to frame the issue ahead of any research by the department, however. "We are writing a white book proper now with eight firms."
This white book will clarify a number of the ways in which blockchain may very well be helpful. So, for instance, the navy is already engaged on utilizing additive printers to distribute elements comparatively than delivery them. Such plans may very well be diffusive firmly utilizing a diffusive ledger, Brett mentioned.The Value Technology Foundation is the most recent entrant into blockchain advocacy world in D.C., entirely based in June 2019. Brett beforehand labored for the Chamber of Digital Commerce and ConsenSys.
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