Information technology professionals are calling on the government to invest in blockchain and take steps to better understand the technology, Federal Times reported Thursday.
Alan McQuinn, senior policy analyst for the IT and Innovation Foundation, said that the U.S. needs to be more competitive and promote the use of blockchain, which can help simplify auditing and supply chain operations for large agencies like the departments of Defense and State during the ACT-IAC Emerging Technology Forum in Washington, D.C.
“You have a network where people often have to submit paper files that can be faked and then it’s up to the government agency to decipher whether something is real or not,†said McQuinn.Â
According to Cointelegraph, China has launched efforts to establish a city centered around blockchain technology.
