Senate Pushes Pentagon to Explore Blockchain and Bitcoin for National Security by 2025
July 9, 2024The U.S. Senate Committee on Armed Services has mandated the Department of Defense to explore blockchain technology's potential in national security and defense.
The deadline for this exploration is set for April 2025.
The initiative aims to enhance data integrity and reduce risks in the defense supply chain, potentially leveraging blockchain for improved security capabilities.
Secretary of Defense Lloyd Austin is required to provide a detailed briefing on pilot programs, benefits, risks, adoption in industry and foreign countries, and feasibility and cost estimates.
There is also a proposal to consider Bitcoin as part of strategic initiatives for national security, supported by the Republican National Committee's advocacy for cryptocurrencies and Bitcoin mining.
This proactive stance by the government reflects a growing interest in utilizing blockchain and crypto technologies in critical infrastructure and government applications.
The initiative is expected to shape future policy in the area of blockchain and cryptocurrency use in national security.
Summary based on 3 sources
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Sources
Cointelegraph • Jul 9, 2024
US Senate recommends blockchain for national security testsCrypto Briefing • Jul 9, 2024
Senate urges DOD to explore blockchain tech for national securityCryptoSlate • Jul 9, 2024
US Armed Services ramp up exploration of blockchain for military use