To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more

John McAfee death was a suicide, autopsy confifms

John McAfee's relatives will finally bury him now

Trump signed a bill resolving Blockchain research

U.S. President Donald Trump has signed a $700 billion military spending bill that includes a mandate for a blockchain cybersecurity research.

12.Dec.17 11:58 AM
By Daria Zaytseva


Trump signed a bill resolving Blockchain research

In September, the bill, as was put forward by the U.S. Senate at the time, called called for the Department of Defense to investigate "potential offensive and defensive cyber applications of blockchain technology and other distributed database technologies."

The language itself is part of the wider Modernizing Government Technology Act (MGT), which focuses on improving the government’s IT and cybersecurity systems.

The study of blockchain, according to the latest version of the text (which was eventually signed today by Trump), will be "an assessment of efforts by foreign powers, extremist organizations and criminal networks to use such technologies ... [and] assessing the use or intended use of such technologies by the Federal Government and critical infrastructure networks. "

The results of the study, according to the text, should be delivered to Congress in the next 6 months. Despite the fact that the Department of Defense is ready to prepare it, which in the past has studied a number of applications, the final product is likely to include information from other federal agencies and departments.

Some observers say that while this is a secondary element in the large funding law, the measure proposed by Senator Rob Portman of Ohio could help in investigating possible applications of blockchain in the U.S. government.

Back to the list

Related Information: