The US Think Tank Value Technology Foundation released a report today to explain to the US Department of Defense the many benefits of blockchain technology in its cybersecurity efforts.
Contributors to the report include important technology and consulting companies such as IBM, Amazon Web Services, Accenture, Deloitte and CGIFederal, as well as blockchain companies such as ConsenSys, SIMBAChain and ColvinRunNetworks.
The report is titled “Potential Applications of Blockchain in the US Department of Defense.” The report believes that distributed ledger technology can benefit future cybersecurity efforts. It emphasizes the potential benefits of blockchain technology and then proposes specific application scenarios of interest to the Department of Defense.
For example, the report highlights the benefits of multiple identity verification, and also states that smart contracts can help US forces communicate securely, and that US Navy aircraft carriers can even 3D print block-proven fighter parts to reduce costs and repair time.
The founder of Value Technology Foundation Jason Brett told encrypted media Decrypt that the participation of these large companies will increase the impact of the report. Brett said, “These companies, which are usually competitors, are working together to keep themselves at the forefront of technological development, which is incredible.”
Congressman Darren Soto prefaced the report. He said that so far, China and Russia have made great progress in blockchain technology, and require US policymakers to quickly understand the potential benefits of this technology and the disadvantages of being backward in this field.
Soto wrote in the report: “To continue to maintain the world’s leading position in technological innovation, the United States needs to cooperate with policy makers, the private sector and academia to promote the research and development of blockchain technology.”
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