Kevin McCarthy, Leader of the Republicans, Proposes Blockchain App for Government Transparency

    Government and Blockchain, much like Rick Sanchez and Government, don't exactly see eye to eye at the best of times. But for the likes of Kevin McCarthy, who serves as the leader of the Republicans within the US House of Representatives, this may be the relationship becoming a closer one.

    To be specific, McCarthy has called on the government to explore the potential application of blockchain technology within government proceedings, intending to make it far more efficient and transparent.

    Attending a Select Committee on the Modernization of Congress, which took place this Tuesday, McCarthy gave a speech regarding the fact that blockchain technology is working to ‘revolutionize' underlying issues of security within the financial industry, among others, while exploring the prospect of the technology that it can work to transform the matter of ‘transparency of our own legislative process.'

    “Why would we wait around and why wouldn’t we institute blockchain on our own?”

    McCarthy went to ask, further adding:

    “As technology continues to change our life, let’s make sure Congress has the same ability to do it … to make this place more effective, more efficient, and most importantly more accountable.”

    Within this speech, McCarthy ensured that, along with his rhetoric, there were a number of examples in recent memory that showed how making use of innovations in the technology space would allow for improvements to the current make-up of the government.

    Examples of this included bills such as the Tested Ability to Leverage Exceptional Talent Act (TALENT). What this entailed was the establishment of a bug bounty program, allowing for freelance users to test out the security framework for the Department of Homeland Security.

    This was made possible through the Strengthening and Enhancing Cyber-Capabilities by Utilizing Risk Exposure Technology Act, in conjunction with another policy which passed at the same time called Veteran Employment Through Technology Education Courses Act.

    “So as technology continues to change our life, let’s make sure Congress has the same ability to do it,”

    McCarthy said, going on to further add:

    “What I’m looking for is building greater confidence in the institution that we have – utilizing the 21st-century technology to make us more customer friendly but at the same time give us greater information that can hold us accountable in this process.”

    This speech follows on with McCarthy's own positive and generally pro-active approach towards blockchain. Last July, he along with a number of Lawmakers within the house, proposed that the government create a blockchain pilot as a means to combat and catalog infectious fungal diseases.

    Today's Top Crypto Coin Price Predictions: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and EOS Forecast

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    James Fox
    James Fox
    Cutting his teeth in the world of startups and Fintech, James went on to gain a profound interest in Cryptocurrencies and blockchain, investing in Bitcoin, Ethereum and LiteCoin, but never letting it weigh on being objective. Now working full time as an editor for a blockchain gaming site, James still lends his writing abilities and contacts out on a freelance basis, thanks to his marketing experience with other projects.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.