Blockchain catches attention of U.S. federal government

10 May, 2018

Blockchain technology has been used in various business and financial sectors for its properties as a decentralized, trusted ledger of transactions. Not only does blockchain facilitate cryptocurrency transactions, it can be used as an immutable ledger for manufacturing, advertising, and financial purposes. Blockchain has even managed to pique the interest of U.S. federal government agencies due to the security it provides in transactions and data exchange.

National security

The Department of Homeland Security (DHS) recognized the value of using blockchain to supplement an identity database for border devices. The immutability of blockchain will make the data impervious to hackers as well as reduce spoofing attacks. They awarded a contract titled Blockchain Software to Prove Integrity of Captured Data From Border Devices, which aims to “advance the security of digital identity for Internet of Things (IoT) devices.”

The DHS has also shown interest in using blockchain to develop Decentralized Identifiers (DIDs), as a matter of digital identity self-sovereignty.

Health and safety

Sharing data is fast and secure through the blockchain, a benefit that the Food and Drug Administration (FDA) hopes to take advantage of in their pursuit of a real-time application for portable interactive devices (RAPID). These devices share and exchange patient data through the medical network and between clinical sites. More specifically, the FDA will implement a blockchain connection “to exchange influenza patient data at clinical sites administered by the United States Critical Illness and Injury Trails Group network.”

In addition, the Centers for Disease Control and Prevention has teamed up with the IBM Watson Health Unit to research the applications of blockchain in data processing.

Further health and medical applications are being explored by the U.S. Army Medical Research and Material Command. They hope to enhance inventory management capabilities and the supply chain to optimize the health, performance, and medical treatment of military personnel.

Increased interest in blockchain

The pursuit and research of the various possible applications of blockchain for federal operations has only just begun—and already there are contracts worth over $100,000 awarded to companies and agencies who can bring these ideas to fruition.

 

Image from Pixabay.



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