Technology giants believe that the government can use the block chain to promote the development of the industry


nnnIn the past, the technical flaws and legal barriers to the application of block chains have not yet been resolved. However, some state governments in the United States have made favorable initiatives and regulations for the development of block chain technology and are actively investing in related projects. These initiatives are thought to increase confidence in the block chain technology and help the industry to adopt the technology.n
nnTranslation: Annie_Xun
nTechnology trends, the federal and state governments are also stepping up block-tier technology applications, bankers say will be strong to promote the private sector technology applications.n
nBloomberg Government data show that this year the US federal government signed a $ 1.3 million block-chain technology contract, the first time in 2016 the federal government signed a block chain contract amount only slightly more than 100,000 US dollars. Bloomberg Government analyst Samantha Stein believes that by next year, the relevant data will continue to rise.n
nThe government’s interest in the technology has been upgraded from the 2015 and 2016 research tests to the Department of Homeland Security, the GSA, General Services Administration and Delaware’s comprehensive pilot projects, Cooperation. But the technical constraints, lack of block chain talent, legislators and government personnel on the block chain technology principles will not understand the development speed.n
nCompanies that invest in chain-chain technology, IBM, Microsoft and other companies may sign high-margin contracts with the government. But Mark Fisk, head of the IBM Public Service Blocks chain, said the government’s use of block-chain technology also allows more private sector businesses and business partners working with the government to begin using the relevant chain-chain platform.n
nBooz Allen Hamilton Inc. senior data scientist Tori Adams said the number of federal government pilot projects and test experiments has increased over the past few months.n
nAdams said at a recent meeting in Washington, “the federal government is a very strong body that drives the technology forward, and the federal government offers the technology the opportunity to showcase its value.”n
nBlock chain participants actually share a database where participants must recognize each transaction. This digital book technology is first used to create digital money, such as Bitcoin. Block chain supporters say it will be the same as the Internet, changing accounting methods and the private sector.n
nBloomberg BNA analysts say block chain-related companies such as Circle Internet Financial Ltd. and Blockstream, Inc., which attracted $ 1.4 billion in global investment from 2015 to 2017,n
nBlock chain company representatives, industry consultants and other technical supporters say that government adoption can help consolidate the private sector’s confidence in the block chain and promote the technology. They also believe that if the government is widely used, it can ease the private sector’s concerns about the reliability and safety of block chains.n
nHogan Lovells LLP partner and the company’s block chain industry project director Lewis Cohen said:n
nn”Because of the early history of Bitcoin, when you talk about block chains, many people still think about money laundering and illegal activities, so the government’s use of block-chain solutions is a sign that the technology is not equivalent to illegal activities, and they will not Arrested “.n
nnn
nState diagram n
nFisk says government agencies are attracted by the technology because it simplifies billing, improves transaction transparency and reliability. Block chain is like a shared book, including residents, government agencies and enterprises, including all the parties hold a book, real-time confirmation of the legitimacy of the transaction. This means that verification of consumer agreements, management of property transfer, tracking of digital rights and medical records and other tasks can be completed more quickly and accurately.n
n”The public sector is an information-intensive industry that can provide a lot of opportunities for the chain chain,” said Jared Polis, founder and congressman of the Congressional Blockchain Caucus.n
nn
nFederal agency interest is expandingn
nSome federal agencies have been exploring block-chain technology, including the Department of Health and Human Services, the Food and Drug Administration, the Ministry of Defense, the Ministry of Commerce, the Ministry of Justice, the Treasury and many more. Other agencies have launched block-chain application research projects in areas such as international travel, prevention of trade fraud, identity and records management, such as the State Department, the Postal Service and the Homeland Security, Then
nAfter several departments sought to respond to the GSA’s solution to the block chain technology, the agency organized the first inter-agency block chain forum in July. Justin Herman, head of the Emerging Citizen Technology project, said the meeting had collected 200 government ministries from 100 federal regulators.n
nGSA also called on US companies, federal regulators and civil society groups to propose a block chain, artificial intelligence or open data to improve government reliability and transparency at a working meeting on September 8.n
nn
nProgress of the statesn
nThe state government did not sit still. Delaware, Illinois, Vermont and Arizona have enacted laws to carry out block-chain projects and research to encourage multiple pilot projects and collaborative projects to use block-chain technology. The Hawaiian and Maine Acts are still under study to create a working group to study block-chain technology to determine the best practices, and Maine has also developed a report to improve the paper voting system using block chains. Illinois launched a project in 2016 to attract block chain startups to use the technology in the state government process. Jennifer O’Rourke, Illinois Block Chain Enterprise Contact, states how state officials in testing block chain technology to simplify property registration, academic performance tracking, medical service provider registration, medical qualification, green energy adoption, birth certificate and marriage certificate Management and other fields.n
n86% of US listed companies registered in Delaware last year related projects to attract block chain companies, looking for ways to lift the barriers to the application of technology. The state issued a decree on August 1 to use the block chain technology to carry out the company for the record.n
nDelaware, Vermont and Arizona also have laws that recognize the validity of contracts created on a chain-chain platform, that is, the effectiveness of smart contracts.n
nn
nSuspicion and obstructionn
nBut the block chain is still facing a lot of obstacles. The emerging technology also needs to be improved in order to integrate with existing technology to support larger applications. Perianne Boring, founder and co-founder of Chamber of Digital Commerce, says government officials and legislators must understand how the technology works and how to improve the operations of its offices, as in the private sector.n
nBoring said government officials argue whether smart contracts can be considered legally effective. For example, smart contracts can activate payments and other activities, do not need to personally sign. If different states take different interpretations and regulations on smart contracts, companies that create the technology will face mixed compliance requirements.n
nMark Smith, co-founder and chief executive officer of Symbiont.io, who works with the Delaware Blockchain Initiative, says block chain suppliers must show how the technology will address government needs. Such as Delaware’s non-standardized enterprise registration system caused by the high cost of the error, so Smith proposed a block-based chain platform solutions.n
nn”You have to make sure that there’s a pain point here, and this pain points relate to tax revenue or cost side books.”n
nnn
nRequires block chain expertn
nIllinois chief technology officer Mike Wons said that finding enough technical experts to understand block-chain technology is another barrier. He said the state block chain project sponsored by the technology incubator “Chicago block chain center” (Chicago Blockchain Center) is the source of training talent.n
nn”We are in the state to create those innovation centers, we try to attract people to help us solve these problems.”n
nnAndrea Tinianow, director of the Delaware District Chain Project, said federal and state public sector leaders could help block chain companies guide procurement processes and educate government officials suspected of new technology.n
nn”You need someone in the government to be willing to support and say ‘we want to change, I know it’s not easy’, otherwise we’ll still do the excel table on the pile.”n

Leave a Reply

Your email address will not be published. Required fields are marked *