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Emerging Technology Leadership Series: Brian Behlendorf and Blockchain
01:02:21

Emerging Technology Leadership Series: Brian Behlendorf and Blockchain

A recent report from the Organisation for Economic Co-operation and Development analyzed more than 200 government blockchain programs globally, a community that is rapidly growing as public services explore the immense potential of this emerging technology. In order to better learn about blockchain and evaluate solutions that improve transaction performance, traceability, and trust, public services must collaborate not just across silos between agencies, but side-by-side with the businesses, academic researchers, and organizations that are leading these advances. The Hyperledger Project, started in December 2015 by the Linux Foundation, is an open source initiative to support the collaborative development of blockchain-based distributed ledgers. In this first of our new Emerging Technology Leadership Series, we invite Brian Behlendorf, executive director of the Hyperledger Project and one of The New York Times’s “Top 10 People Leading the Blockchain Revolution,” answer your questions about collaborative development of blockchain solutions and share insights from the source on what public services need to know. The Emerging Technology Leadership Series, hosted by the U.S. General Services Administration (GSA) Emerging Citizen Technology Office, is a six-part livestream pilot to enhance the modern federal workforce with training, education, and awareness of emerging technologies including Artificial Intelligence, Robotic Process Automation, Blockchain, Social Technologies, and Virtual/Augmented Reality.
Federal agencies turning to blockchain for its benefits
02:19

Federal agencies turning to blockchain for its benefits

Federal agencies have turned to blockchain for its transparency, efficiency, security and flexibility. According to  FedTech magazine , several federal agencies like the U. S. Food and Drug Administration, or FDA, and the Department of Treasury began using blockchain. Officials in the US Food and Drug Administration needed an effective way to help them track data on the H1N1 swine flu virus that had begun to spread again in 2017. Of course, officials at the US Food and Drug Administration did not find a better way than adopting blockchain technology. Henry Francis, associate director for data mining and informatics evaluation and research at the FDA’s Center for Drug Evaluation and Research, has already successfully developed a blockchain-based application that automatically enables them to obtain encrypted data in real-time, from many sources. Francis explained that the real-time Application for Portable Interactive Devices (RAPID) program is one of the first full-blown implementations of blockchain in federal government, but interest in the technology is growing. The Department of Treasury's Office of Financial Innovation and Transformation, or FIT, also turned to blockchain. Its first application was for tracking mobile devices and its second application was for software licenses management. FIT also tested whether the use of blockchain could improve grant payment processes in cooperation with the National Science Foundation. Early blockchain trials showed promise but indicated that FIT needed to learn more about the technology to manage it more effectively and match it with best-use cases, said Craig Fischer, the FIT project director. The Department of Health and Human Services (HHS) is also using distributed ledger technology to increase its bulk purchasing power, reduce its reporting burden, cut costs for industry partners and improve record-keeping for vendor transactions. The FDA is also investigating how it can use blockchain to track and manage threats to food safety across the nation’s vast and decentralized food system and increase transparency in the pharmaceutical supply chain. And the U. S. Department of Agriculture (USDA) has already certified BeefChain, a blockchain company that traces the beef supply chain. All data is taken from the source: https://cointelegraph.com/ Article Link: https://cointelegraph.com/news/federal-agencies-turning-to-blockchain-for-its-benefits #blockchain #coinbasejobs #bestbitcoinmininghardware #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange
US legislators introduce bill for in depth study of blockchain in commerce
02:32

US legislators introduce bill for in depth study of blockchain in commerce

A trio of United States House Representatives — two Democrats and a Republican — have officially introduced a new bill to spur more in-depth analysis of blockchain technology in Congress. On Sept. 1, Rep. Darren Soto (D-FL), Rep. Brett Guthrie (R-KY) and Rep. Doris Matsui (D-CA) introduced a new bill to the House, which was subsequently referred to the Committee on Energy and Commerce. The bill proposes to direct the U. S. Secretary of Commerce, in consultation with the Federal Trade Commission ( FTC ), “to conduct a study and submit to Congress a report on the state of the blockchain technology and use in consumer protection, and for other purposes.”In May, Cointelegraph had obtained draft legislation prepared by Rep. Guthrie entitled the “ Advancing Blockchain Act ,” which would require the Secretary of Commerce and the FTC to conduct a study on the impact of blockchain technology on U. S. businesses in interstate commerce within two years. The draft legislation had, among other goals, sought to rank the U. S. relative to other countries’ national blockchain strategies. It also called for a clear determination of the jurisdiction and expertise of different federal agencies in relation to blockchain technologies. Neither this week’s bill nor the earlier draft legislation mention cryptocurrencies or digital assets, but instead limit their focus to blockchain. Guthrie’s co-sponsor on this week’s bill, Rep. Soto, has previously advocated keeping cryptocurrencies under the oversight of the Commodities and Futures Trading Commission ( CFTC ) and FTC .  Soto argued at the time that these agencies have a “lighter touch” than the Securities and Exchange Commission ( SEC ). For blockchain and cryptocurrency enthusiasts, Rep. Soto will likely be a familiar name due to his role as co-chairman for the Blockchain Caucus , a governmental group focused on blockchain-related policy. He has been a sponsor and co-sponsor, respectively, of the Token Taxonomy Act and the Digital Taxonomy Act , among other initiatives . For her part, Rep. Matsui, together with Rep. Guthrie, introduced a bill in Feb. 2019 to direct the Secretary of Commerce to establish a working group that would recommend to Congress a definition of blockchain technology . This was later taken up in a Senate bill authored by Senator Todd Young (R-IN), entitled the “Blockchain Promotion Act” of 2019. All data is taken from the source: https://cointelegraph.com/ Article Link: https://cointelegraph.com/news/us-legislators-introduce-bill-for-in-depth-study-of-blockchain-in-commerce #blockchain #kbccoin #bitcoingiftcard #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange