What to Expect When Congress Talks Blockchain Tomorrow

Source : What to Expect When Congress Talks Blockchain Tomorrow
Two subcommittees in the U.S. House of Representatives will discuss potential applications for blockchain in government during a hearing on Wednesday. “Beyond Bitcoin: Emerging Applications for Blockchain Technology,” scheduled to begin on Wednesday at 10 a.m. EST, is likely to constitute a broad overview of the technology – a key first step ahead of any possible action that focuses on the tech. Panelists will explain the basics of the technology before discussing how it can be used, said Brandon VerVelde, a spokesperson for the committee. These panelists will come from both the private sector and from government agencies with experience in the field, as previously reported by . Aides to the Committee on Science, Space and Technology, which will oversee the hearing, indicated that the effort is exploratory in nature, and will not necessarily lead to any legislative or regulatory action. Indeed, VerVelde said that “any potential future committee action on the subject will be informed by the hearing.” Likewise, the committee is not yet sure which specific government bodies might take advantage of blockchain technology, he said. That being said, lawmakers on the committee shared some ideas on where they see blockchain applied in the federal government. Congresspeople […]
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