Congress Introduces Blockchain Amendments On The National Defense Authorization Act (NDAA)
The U.S military could soon be using blockchain technology after a unanimous decision by the House of Representatives to amend the National Defense Authorization Act (NDAA). The amendments were introduced to the House by Rep. Darren Soto (FL-09), including two blockchain adoption policies, a 3% increase in pay, fights against racism and prejudice, and protections for sexual assault victims.
The NDAA budgets and sets policies in funds across the Department of Defense for the upcoming fiscal year.
The key Blockchain Amendments
Two key blockchain amendments were presented to the House by Soto. The first amendments call for a revision of the report on the potential use of distributed ledger technologies (DLT’s) to enhance their defense properties.
If passed, this new law will see the Under Secretary of Defense for Research and Engineering provide reports summarizing key findings and research activities of adversarial countries in the blockchain space.
The research team will further give recommendations and analyze the benefits of setting up a hub or center of excellence to research more on distributed DLTs in enhancing defense.
The second amendment is a direct call-to-action of adding DLTs to in the “emerging technologies” bracket. This gives the Defense Department a clear view that these new technologies and will be included in future assessments of what tools will ensure the U.S maintains its “technological edge.”
The latest amendments come as global superpowers, Russia and China, extend their efforts in blockchain development and creating their own central bank digital currency.