US Lawmakers to Hear Case for Blockchain Supply Chain

Lawmakers in the U.S. Congress are set to hold a hearing on blockchain tech next week.

AccessTimeIconMay 2, 2018 at 2:35 p.m. UTC
Updated Sep 13, 2021 at 7:54 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Lawmakers in the U.S. Congress are set to hold a hearing on blockchain tech's use in global supply chains next week.

Two subcommittees of the U.S. House Committee on Science, Space and Technology - for Research and Technology, and Oversight – will meet on May 8, a newly published notice reveals. The hearing is entitled "Leveraging Blockchain Technology to Improve Supply Chain Management and Combat Counterfeit Goods."

Members of those subcommittees last held a hearing on the tech in February, when they examined possible "emerging uses" for blockchain. As CoinDesk reported at the time, the session served primarily as an informational session for U.S. lawmakers, a number of whom sought to learn more about blockchain. A representative for the SS&T Committee said at the time that members wanted insight on the "basics" of the tech and that "any potential future committee action on the subject will be informed by the hearing."

Next week's hearing is the first to hone in on a specific use case – supply chain management – that has garnered interest from a number of major corporates around the world.

Indeed, major businesses such as Samsung and Alibaba have considered or launched pilot projects around the tech's use for tracking the global shipment of goods. Late last month, for example, Alibaba accelerated a previously revealed test project focused on combatting food fraud.

Around the same time, tech giant IBM unveiled an initiative will several notable firms from the jewelry industry focused on improving transparency in supply chains for the precious stones market.

Capitol Hill image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies 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 with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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 to register and buy your pass now.