Government Agencies Adopting Bitcoin and Blockchain Technology

Government Experimentation with Blockchains

The Pentagon and U.S. NATO allies have been moving discreetly but aggressively in recent months to develop military-related apps exploiting the capabilities of blockchain. NATO is considering the technology to improve efficiencies across such traditional processes as logistics, procurement and finance.
DARPA and Blockchain Usage
The Defense Advanced Research Projects Agency (DARPA) also appears to have taken
The cost of inaction is great. While we laud the recent focus on supply chain security problems of the defense industrial base (DIB), we endorse a broader notion of the range of U.S. interests threatened by this phenomenon…In a conflict scenario, the collapse of the domestic economy would not only degrade national morale but disrupt the primary source of material support for U.S. forces.
Government Believes Blockchain Can Guarantee More Security
With these threats on the radar, government believes their greatest ally might be blockchain technology. They think they can prevent their supply chains from being interrupted by placing their sensitive documentation on the blockchain. However, it is presently unclear how exactly various agencies will implement blockchain and bitcoin to further their agenda. What do you think about government moving into the blockchain space? Is it good or bad? Let us know your opinions in the comments below.Images via Shutterstock, dfas.mil, and Wikipedia/DARPA
Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin. The post Government Agencies Adopting Bitcoin and Blockchain Technology appeared first on Bitcoin News.
Blockchain blockchain technology Cryptocurrency Security DARPA Foundation for Defense of Democracies Government Agencies Government Bitcoin N-Technology Security The Pentagon U.S. NATO