US Congressional Members Ask The Govt To Support Blockchain Tech For COVID-19 Relief
- U.S. Congressmen lobby the federal government to increase support and hasten the integration of blockchain technologies across the economy to ease the effects of the COVID-19 global pandemic.
- Blockchain technology innovations aimed at improving authorization of individual identity, supply chains, and medical registries.
A letter from lawmakers in Congress addressed to the US. President Donald J. Trump and directors handing the COVID-19 response strategies ask the top federal government executives to look into blockchain technologies as a solution to the pandemic.
According to the lawmakers (all members of the Congressional Blockchain Caucus) urge the use of blockchains to improve the country’s economic interactions, enhance digital identification, manage supply chains and ensure credibility in medical registries and certifications. The letter reads,
“The membership of the Congressional Blockchain Caucus urges your consideration, support, and implementation of utilizing blockchain technology that could greatly mitigate the effects of the Coronavirus.”
The members of the Congressional Blockchain Caucus who presented the letter are Bill Foster, Tom Emmer, David Schweikert, and Darren Soto – who lead the Caucus. Other members include Stephen Lynch, Warren Davidson, Jerry McNerney, Matt Gaetz, and Ro Khanna.
There is a growing need for verification and identity digitization as the world embraces social distancing. According to the statement, blockchains provide digital identity solutions that assist in authentication and verification of individuals, for example, when the U.S. distributed the CARES Package. Furthermore, blockchains offer strong encryption and a secure system hence protecting sensitive users’ data.
Blockchain can also improve the deployment of essential kits and medical equipment – especially during the times of the pandemic. These technologies could enhance the management of supply chains, identification of where supplies originate, transportation, and arrival times, the statement reads.
Additionally, medical registries, certifications, and licenses could all be deployed on a blockchain improving the medical field and professionals in the space. This could help these medical professionals securely and confidentially share critical information and deploy essential services in times of need.
This also points to the financial systems world whereby the U.S. Congress has continually called for more innovative technologies to be implemented to solve slow transactions and payments. In April, members of Congress reintroduced the “Digital dollar Act” to create a network of digital payments and distribute the CARES Act stimulus efficiently.