IBM: Government and Blockchain Sector Should Work Together to Enhance National Security
IBM Vice President for Blockchain Technologies Jerry Cuomo recently testified before the Commission on Enhancing National Cybersecurity on how the blockchain can benefit transactions, eWeek reports. Cuomo is persuaded that the technology could potentially cause a tectonic shift in the way financial systems are secured and that government, technology....
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The United States Senate Committee on Armed Services recently recommended exploring Blockchain usage to enhance the country’s national security. The Committee issued a report directing the Department of Defense (DoD) to consider the emerging technology and test its potential applications within the defense sector. Related Reading: Crypto Investors Beware! Coinbase Phishing Scam Swipes $1.7 Million […]
China’s Ministry of Industry and Information Technology (MIIT) has published the country’s first official guiding document on blockchain technology and its applications in the country. China, which sees a significant majority of the world’s bitcoin trading, is a notable example of a major government’s foray into understanding cryptocurrencies like bitcoin, and its underlying technology, the blockchain. Just a month ago in September, the Chinese government was revealed to be working on developing and eventually using blockchain-based solutions for social security payments. Talking about the....
The Chinese government is to use blockchain technology for social security payments such as unemployment benefits and pensions. According to China Daily, Wang Zhongmin, vice-chairman of the National Council for Social Security Fund states: “There’s no doubt that blockchain technology will be used in the social security system because of its valuable applications in the investment and management of social security funds.” The National Council for Social Security manages almost $300 billion with a budget increasing yearly by 24.6 percent. Due to blockchain’s ability to cut out middle men,....
IBM Blockchain Technologies Executive Jerry Cuomo testified on May 16 before the President’s Commission concerning National Cyber Security. Cuomo spoke on the attributes of blockchain technology and its use in society. The meeting involved a panel of government officials and other technological firm representatives. IBM Familiarizes Gov’t with New Tech,....
IBM and the India-based multinational Mahindra Group have announced the development of a blockchain solution aimed at the supply chain. The project will be the first of its kind in India outside of the banking sector, with a mission to enhance security and transparency between supplier-to-manufacturer trade. IBM Teams up With Billion Dollar Mahindra....