Several federal agencies in the United States are showing greater interest in the adoption of blockchain technology and its multiple potentialities and benefits.
A publication recent issued by the magazine FedTech states that the interest of United States federal agencies in technology blockchain grows as the need for a transparent, immutable, secure and reliable system increases. The different technological solutions based on blockchain, which are on the market and which may be developed in the future, allow the internal processes of different organizations and federal entities to be improved and optimized.
According to the magazine report, federal agencies such as the United States Department of the Treasury, the HHS Administration for Children and Families and Food and Drug Administration (FDA) They are already using solutions based on this technology. At the same time, the report notes that other organizations such as the General Services Administration is working on the development of a blockchain-based solution to improve the agency's current environment, its business processes and the automation of its robotic processes.
The growing interest in these technologies demonstrates that blockchain has all the potential to guarantee an efficient and reliable system, resistant to manipulation and data alteration.
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Advantages of blockchain technology within the management of US federal agencies
Since this technology was unveiled in 2009, many developers and computer scientists have been amazed by its potential and characteristics. First of all, this technology solved the problem of double-spending that worried the developers of decentralized digital money so much. To solve this problem, blockchain integrated two fundamental processes: data register and validation and confirmation of said data. Through these two processes, blockchain makes it possible to keep an open, verifiable, auditable and immutable record of information, while validating and confirming the authenticity of that information through an instrument known as Proof of Work (PoW) o Proof of Work.
So, thanks to these potentialities, today there is what we know as cryptocurrencies, . But the advantages and benefits of blockchain are not limited to cryptocurrencies, they go much further. This technology has the potential to provide an efficient way for federal entities and agencies to record, control and track data and information of interest, in a reliable, secure and productive way.
On the other hand, the different situations that arise in current systems drive different government entities to seek reliable solutions to resolve their problems and failures. For example, the characteristics of blockchain technology allow organizations to be much more efficient and effective in the management and control of information, as well as save on unnecessary expenses without sacrificing efficiency and security. Blockchain technology also allows these organizations to be much more flexible and transparent in their processes.
Technology development in the United States
Considered the leading world power, the United States is home to several technological innovations, and the blockchain industry does not escape this. Several of the most important blockchain companies, organizations and firms in the world are located in this country, such as Chainalysis, ConsenSys, Messaria, shapeshift, Among others.
Likewise, within federal agencies, blockchain has also begun to occupy an important place in recent years. Financial Innovation and Transformation Office (FIT) of the United States Department of the Treasury began to innovate on this technology to design a system that would allow it to track mobile devices, manage software authorizations and improve payment processes for grants delivered in collaboration with the National Science Foundation. Similarly, the Department of Health and Human Services (HHS) also began using blockchain to improve and optimize several of its internal processes.
Finally, in the United States, several million dollars have been allocated to the design and development of various blockchain projects and companies.
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