Blockchain may be best known as the underpinning of bitcoin, but federal innovators are increasingly looking to the distributed ledger technology for efficient and secure solutions across a variety of mission needs.
With possibilities that extend far beyond cryptocurrency, the General Services Administration and the Department of Health and Human Services have active pilot programs to explore blockchain’s uses in the federal government. HHS, for example, already is using blockchain to streamline the acquisitions process. Other agencies are assessing how distributed ledgers can be used in everything from financial and contract management to medical records-keeping and maintaining federal workforce data.
This workshop brought together experts from government and industry alike to discuss how blockchain can be used to meet mission-critical needs and how it best fits into government operations.
Topics addressed at the event included:
- The scope of blockchain solutions and how they can be applied
- The potential ROI
- Possible risks and challenges -- and strategies for mitigating them
- Data security questions
- Where blockchain fits with other emerging technologies