Value Technology Association (VTA), a Washington D.C.-based advocacy organization launched in June last year, has revealed that it’s responsible for bringing blockchain technology into the consciousness of the Department of Defense (DoD). The latter will present a report concerning the benefits of distributed ledger technology (DLT) to Congress later this year and could massively integrate the nascent tech into the operations of the U.S. military, if all goes as planned, according to reports on January 16, 2020.
VTA Promoting Blockchain Adoption
While the U.S. Department of Defense (DoD) have since shown interest in blockchain technology, the agency has however made it clear that the nascency of the tech, coupled with its relative lack of knowledge concerning it, has delayed the adoption and integration of DLT by the DoD.
However, Value Technology Association (VTA), an advocacy organization established by Jason Brett, a former employee of ConsenSys and the Chamber of Digital Commerce, claims it has enlightened the DoD on the potential of blockchain technology and the agency is now set to present a report to the U.S. Congress on ways in which blockchain technology can enhance the processes of the nation’s military.
Commenting on the matter, Brett said that:
“What our Value Technology Foundation worked on was a blockchain briefing. We wanted the military to look at it so they could invest a long period of time in how the blockchain could evolve into something as strong as the internet.”
What’s more, Brett firmly believes that the DoD’s report could significantly boost broader blockchain adoption in the U.S. private sector.
He added that:
“It requires the military to share with Congress how there might be some private-sector use cases that might be adopted from the way the military might use the blockchain.”
Though Brett and his team are hopeful that the DoD’s report will yield positive results, they are however not leaving everything to fate and they are now collaborating with eight companies to write a blockchain technology whitepaper, which will further explain the usefulness of the tech.
In related news, BTCManager informed earlier July 2019 that the Defense Advanced Research Projects Agency (DARPA), which is the research arm of the DoD, has been experimenting with blockchain technology and possibly develop hack-proof communication lines with it.
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