Blockchain technology is gaining more traction within corporations and governments, showing the potential it holds for the future of many different sectors - from finance to healthcare to military initiatives.
In a recent development, the U.S. Senate Armed Services Committee, chaired under President Joe Biden, has greenlit blockchain technology for bolstering national security and streamlining supply chain management within the Department of Defense (DOD).
This move, outlined in the latest National Defense Authorization Act (NDAA) outlined, highlights blockchain’s potential to enhance data integrity and operational transparency in defense operations.
Amid global competition in blockchain development, the U.S. aims to maintain its technological leadership. Secretary of Defense Lloyd Austin has been tasked with providing a comprehensive assessment by April 1st, detailing blockchain integration across DOD supply chains and estimating required resources.
The committee’s focus is on fortifying defense supply chains against manipulation by geopolitical rivals and improving cryptographic safeguards. There’s also strategic interest in monitoring blockchain advancements in countries like China and Russia.
Franklin Templeton, the asset management giant with $1.5 trillion in assets, is set to launch a mutual fund on the Solana blockchain.
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.
Google Cloud has introduced a new Blockchain Remote Procedure Call (RPC) service designed to simplify blockchain data interactions for cryptocurrency developers and enhance the performance of decentralized applications (DApps).
BNB Chain has announced a major update designed to enhance its stablecoin infrastructure by introducing gasless transactions.