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Monday, August 21, 2017

Government Agencies Adopting Bitcoin and Blockchain Technology

Government Agencies Adopting Bitcoin and Blockchain Technology


Government agencies are looking further into adopting blockchain technology and bitcoin. They hope to commandeer these protocols in order to protect the military from mass-hacking campaigns, counterintelligence, and otherwise hostile attacks on their systems. The Pentagon has especially shown recent interest in using cryptographically-guarded blockchains to aid their operations. 

An August 17 Washington Times post elaborated on why governments need blockchain tech. It read, “Particularly alarming to U.S. defense analysts are Chinese intelligence collection operations aimed at commercial transactions, which have been highlighted as a growing threat to U.S. national security with the American military personnel, national security decision-makers and critical infrastructure entities increasingly targeted.”

The Pentagon and other agencies hope to use blockchain technology to take advantage of its tamper-resistant and immutable features. They believe these qualities can prevent malicious actors from either stealing their information, ransoming them, or eavesdropping. They also believe it will cut costs over the long term. This is why they have started to experiment with different implementations of various blockchain protocols.

The Washington Times article suggests the Pentagon and NATO have been working in secrecy to determine how best to utilize blockchain. NATO is particularly interested in making their intelligence processes more efficient, including financing and logistical work.


Full story at http://bit.ly/2x5hb9a


Source: Bitcoin News


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