A government official involved in the US Treasury's investigation of distributed ledgers is pushing for further testing of the technology.
Yet before the government (which is pursuing a range of use cases across a number of federal departments and agencies) can get there, more trials are needed, according to Fischer.
Earlier this month, the US Treasury quietly revealed that it is testing blockchain to see how it can digitally trace the movement of physical assets, such as smartphones and computers.
At the time, the Bureau – which is responsible for handling interagency payments as well as borrowing funds on behalf of the government – said that it would explore other uses cases as well.
Image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.