🔴11 Members of Congress Are Calling On the US Treasury Department to Consider Blockchain for COVID19 Relief
🔻11 American lawmakers in a letter addressed to the US Treasury Department pointed to blockchain and Distributed Ledger Technology as “new mechanisms” that guarantee quick and transparent money transfers.
The letter elaborates on the issue: “We strongly encourage the Treasury Department to utilize private sector innovations such as blockchain and DLT to support the necessary functions of government to distribute and track relief programs.”
Blockchain-based approaches matched with artificial intelligence can lead to better data tracking or transmission management without being subjected to hacking or illegal alterations. COVID19 has incurred huge damages to the US economy. Lawmakers believe that DLTs and blockchain-based solutions are the most secure available approaches to cope with the current challenges and severe consequences.
#ustreasurydepartment
#uscongress
#americanlawmakers
#dlt
🔻11 American lawmakers in a letter addressed to the US Treasury Department pointed to blockchain and Distributed Ledger Technology as “new mechanisms” that guarantee quick and transparent money transfers.
The letter elaborates on the issue: “We strongly encourage the Treasury Department to utilize private sector innovations such as blockchain and DLT to support the necessary functions of government to distribute and track relief programs.”
Blockchain-based approaches matched with artificial intelligence can lead to better data tracking or transmission management without being subjected to hacking or illegal alterations. COVID19 has incurred huge damages to the US economy. Lawmakers believe that DLTs and blockchain-based solutions are the most secure available approaches to cope with the current challenges and severe consequences.
#ustreasurydepartment
#uscongress
#americanlawmakers
#dlt