More Blockchain Pilots Needed, Says US Treasury Official
An official involved with the US Treasury's distributed ledger trial wants to see more government testing around the tech.
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 a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.