US Government and SEC pay more interest in Blockchains

US Government and SEC pay more interest in Blockchains

The US Department of Defenceis currently looking at how Blockchain technology can be used to help to strengthen its cyber security, as outlined in a report called Digitized Modernisation Strategy.

Interestingly, in a recent US congressional session, Senate Banking Chairman Mike Crapo said that,“As Cryptocurrencies are a global innovation it would almost be impossible to ban them”. Crapo seems to believe that the US ought to be encouraging debate and formulating the rules around Cryptocurrencies. He further said, “I believe that the US should lead in developing these innovations and what the rules of the road should be”.

Perhaps this helps to explain why the Security and Exchange Commission (SEC) is recruiting staff, with a view to operating nodes for many of the major Blockchains. The SEC has stated that it wants to “support its efforts to monitor risk, improve compliance’s and inform commission policy with respect to digital assets.”The SEC’s intention is to have all the data from the first “Block” (genesis) of a Blockchain onwards.

To do this the SEC will need to analyse the complete history of all the different Blockchains that exist – which is no mean feat! The SEC could contact Byte Tree, which has already spent six years doing this by creating a “clean” data-base of every Bitcoin mined, and ALL the activity on the Ethereum Blockchain!

See more articles by Jonny here.

What is #DigitalBytes & how does this analysis help you stay informed weekly on #Blockchain #Crypto #DigitalAssets #FinTech #ICO #Regulation #STO https://t.co/kRyFvaflop? @TeamBlockchain @thomaspower

— Jonny Fry (@jonnyfry175) June 17, 2019

More information about Irish Tech News and the Business Showcase

FYI the ROI for you is => We now get over 1.5 million monthly views, and up to 900k monthly unique visitors, from over 160 countries. We have over 860,000 relevant followers on Twitter on our various accounts & were recently described as Ireland’s leading online tech news site and Ireland’s answer to TechCrunch, so we can offer you a good audience!

Since introducing desktop notifications a short time ago, which notify readers directly in their browser of new articles being published, over 16000 people have now signed up to receive them ensuring they are instantly kept up to date on all our latest content. Desktop notifications offer a unique method of serving content directly to verified readers and bypass the issue of content getting lost in people’s crowded news feeds.

Drop us a line if you want to be featured, guest post, suggest a possible interview, or just let us know what you would like to see more of in our future articles. We’re always open to new and interesting suggestions for informative and different articles. Contact us, by email, twitter or whatever social media works for you.

Home

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking