Trump has signed $700 billion for Blockchain Cybersecurity research study

Nishanth Shetty

Nishanth Shetty

December 13, 2017 6:30 am

Trump has signed $700 billion for Blockchain Cybersecurity research study | Coindelite News
6264 Total Views

Blockchain News

U.S President Donald Trump has approved a military spending bill which is worth $700 and required for a blockchain cybersecurity research study.

The bill can be used for the Department of Defense to investigate the potential offensive and defensive cyber applications of the blockchain technology and other distributed database technologies.

It is a part of wider Modernizing Government Technology Act (MGT), which will be used to concentrate on improving the government’s IT cybersecurity systems.

The Blockchain study, the latest bill described:

“An assessment of efforts by foreign powers, extremist organizations, and criminal networks to utilize such technologies and an assessment of the use or planned use of such technologies by the Federal Government and critical infrastructure networks.”

The result of the study will be delivered to the Congress sometime within the next six months. When it is set to be prepared by the Department of Defense, which has expanded the number of applications in the past. the final product has to add the input from the other federal agencies and departments.

It constitutes a minor element in the major funding law, the measure, which is proposed by Sen. Rob Portman of Ohio, can help the investigation into the possible blockchain utilization within the U.S government.

Trey Hodgkins, senior vice president of public sector at the Information Technology Industry Council Said:

“Blockchain was clearly one of the technological capabilities that Congress meant for agencies to look at, and what they were trying to do was create dollars with some flexibility to them so that agencies would have their own discretion on what they invest in.”

No Comments
Belgium Offers World Food Programme Blockchain Project

World Food Programme Blockchain Project to be Contributed by Belgium According to World Food Programme report, the government of Belgium is going contribute €2 mln for promoting a Blockchain project through World Food Programme (WFP). The donation would allow United Nations (UN) to utilize Blockchain technology to fight against hunger …

Amazon Web Series is Making the use of Hyperledger and Ethereum easy

Amazon Web Series to Start a New service for Hyperledger and Ethereum easy Amazon Web Services has recently announced the service it is going to launch out-of-the-box a blockchain service for Ethereum and Hyperledger Fabric protocols. AWS chief evangelist Jeff Barr wrote in a blog post: “Recently available templates allow …

Huawei to Launch Blockchain as a Service Platform

Blockchain Technology to be Used by Huawei as a Service Platform Chinese Telecommunication firm Huawei announced its latest Hyperledger-fuelled Blockchain service at a conference in Shenzhen on Tuesday. The Blockchain-as-a-service(BaaS) tool, which is launched a month after the release of Huawei and Hyperledger’s joint project Caliper and will be known as …

IBM and Salon Media to Stop Frauds in Ads Industry through a Blockchain Pivot

IBM and Salon Media collaborate for a Blockchain Project to Stop Fraud in Ads Industry According to the reports, IBM and Salon Media are going to lead a proof-of-concept blockchain product developed by AdLedger which is a nonprofit consortium that develops shared ledger technologies for the digital advertising market. “The …

Cognizant to Adopt Blockchain for Cross-Company Data Sharing

Cognizant Partners with Insurers to build Blockchain Data Sharing Platform Cognizant has collaborated with fourteen Indian insurance companies in order to develop a blockchain solution for cross-company data sharing. The firm announced in a statement that on Monday that the platform was built to let the companies securely share data …

India’s Largest Private Sector Bank on-boards over 250 Corporates on its Blockchain Platform

ICICI Bank Welcomes More than 250 Corporates on its Blockchain Platform On Tuesday, ICICI Bank announced that it has successfully on-board over 250 corporates on its blockchain for domestic and international trade finance transaction. The Bank said in a statement: “This initiative marks another milestone in the bank’s pioneering role …

Press Release