Chapter 18The US Government Implements Blockchain Programs to Improve Transparency and Efficiency
US government agencies launch new projects to keep up with the economy's digital transformation. Blockchain and cryptocurrency issues were on the agenda of the World Economic Forum for 2018.
The US government has been evaluating blockchain technology since they have funded, collaborated, and partnered with businesses and other countries as well as educational institutions in fostering and continuously developing innovative technologies and science. Contracts, transactions, and the records of intellectual property (IP) are among the defining structures of the US economic, legal, and political system, and the government agencies formed to manage them need to keep up with the economy's digital transformation. Accordingly, blockchain technology is under evaluation or being implemented by several US government agencies to improve transparency, efficiency, and trust in information sharing in:1
- Financial management
- Procurement
- IT asset and supply chain management
- Smart contracts
- Patents, trademarks copyrights, and royalties
- Government‐issued credentials like visas, passports, Social Security numbers, and birth certificates
- Federal personnel workforce data
- Appropriated funds
- Federal assistance and foreign aid delivery
The General Services Administration (GSA)
The GSA's Emerging Citizen Technology Office launched the US federal blockchain program for federal agencies and US businesses ...
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