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Sunday, November 25, 2018

US Department of Defense explores ways they could implement blockchain technology...

The US DOD, specifically their research arm known as DARPA (The Defense Advanced Research Projects Agency) which is responsible for the development of emerging technologies for use by the military, now has their eyes on blockchain technology.

Now they're reaching out to experts and professionals in the blockchain technology sector, in an announcement stating:

"Technologies for distributed consensus protocols have been revolutionized by their prominent role in cryptocurrency and blockchain technologies. These technologies have dramatic implications for the security and resilience of critical data storage and computation tasks, including for the Department of Defense (DoD). At the same time, the concrete applications and security of these technologies for the DoD is unclear. DARPA is interested in better understanding the broader implications that such technologies may play for the DoD. In order to investigate these technologies, DARPA intends to hold a workshop in February 2019 based upon responses to this RFI."

Undoubtedly, one big reason for the DOD to be taking a more aggressive approach to implementing blockchain technology is the fact China has such a head start, and the US government better catch up fast.

The Chinese Communist Party, their central bank, and even their court system are in the process of streamlining their technology - and blockchain is at the center of it.  This was all outlined in detail by Forbes earlier this year in an article titled "Making Sense Of China's Grand Blockchain Strategy" and is worth a read.

DARPA's Blockchain Workshop will take place Feburary of next year, and allows for private companies in the blockchain space to present how they believe they could help.

More information can be found here.

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Author: Justin Derbek
New York News Desk