Meet the DC Advocacy Org Helping Put Blockchain on the US Military’s Radar – CoinDesk

CoinDesk

Later this year, the U.S. Department of Defense (DoD) will give a report to Congress about ways in which blockchain technology might enhance the work of the U.S. military.

The D.C.-based Value Technology Association (VTA) helped lead the charge in requiring DoD to put together such a hearing, VTA President Jason Brett said in a video interview with CoinDesk at the Consumer Electronics Show (CES) in Las Vegas last week.

“What our Value Technology Foundation worked on was a blockchain briefing,” Brett said. “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.”

Binance Banner  

Such a report could be a boost to the broader industry. “It requires the military to share with Congress how there might be some private-sector use cases that might be adopted from the way the military might use the blockchain,” Brett explained. 

The blockchain language appears in the conference report based on language in Section 255 of Senate Bill 1790, which passed into law on Dec. 20. Brett’s organization collaborated with the office of Rep. Darren Soto (D-Fla.) to get the language into the report.

Naturally there is the danger that the report will come back with a negative view of the technology. 

“That’s obviously the risk you take when you have one 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 paper right now with eight companies.”

This white paper will explain some of the ways that blockchain could be useful. So, for example, the military is already working on using additive printers to distribute parts rather than shipping them. Such plans could be distributed securely using a distributed ledger, Brett said. The Value Technology Foundation is the latest entrant into blockchain advocacy world in D.C., only founded in June 2019. Brett previously worked for the Chamber of Digital Commerce and ConsenSys.

Coinbase Banner  
Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Go to Source
Author: Brady Dale


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.