The U.S. Senate Committee on Armed Services has advised the Department of Defense (DoD) to explore the use of blockchain technology for national security applications, specifically in supply chain management.
In the fiscal year 2025 National Defense Authorization Act (NDAA) report released on July 9, the committee emphasized the potential benefits of blockchain technology. The report highlighted that blockchain could enhance the cryptographic integrity of the defense supply chain, improve data integrity, and reduce the risk of data manipulation or corruption by near-peer competitors.
The committee has tasked Secretary of Defense Lloyd Austin with investigating blockchain use cases to support national security goals. This includes creating secure, transparent, accountable, and auditable data related to supply chains. The Senate committee expects a detailed briefing on this matter by April 1, 2025.
The briefing should cover six key areas, including:
- Plans for pilot programs or research and development efforts to explore blockchain in national security applications, such as supply chain management, cybersecurity for critical infrastructure, and procurement auditability.
- Identifying the benefits and risks of using blockchain in supply chain tracking and management.
- Analyzing the current state of blockchain adoption in the supply chain industry and in foreign countries like China and Russia.
- Providing feasibility and cost estimates.
By investigating these areas, the U.S. Senate aims to understand how blockchain technology can be leveraged to enhance the security and efficiency of the nation’s defense supply chain.
Summary Review: U.S. Senate’s directive to explore blockchain technology reflects a growing recognition of its potential to enhance national security. By leveraging blockchain for supply chain management and other critical areas, the Department of Defense could significantly bolster the security, transparency, and efficiency of its operations, ensuring a more robust defense infrastructure.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
