Senate Pushes Pentagon to Explore Blockchain and Bitcoin for National Security by 2025

July 9, 2024
Senate Pushes Pentagon to Explore Blockchain and Bitcoin for National Security by 2025
  • The 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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