High-level US regulators and officials spoke out in favor of expanding the adoption of blockchain technology across government and the private sector at the DC Blockchain Summit, held this week in the nation’s capital.
There, representatives from the Trump administration, Congress and executive branch agencies acknowledged the potential of blockchain, and called for further development at the technology’s intersection with public policy. Specifically, they highlighted the technology's potential to streamline bureaucracy, empower consumers and drive economic growth.
Notably, Mark Calabria, chief economist for Vice President Mike Pence, made an unscheduled presentation Wednesday to tell the gathering that the administration of the president is encouraged by developments in blockchain technology.
He said there's an enthusiasm to see what possible applications exist in government, finance and elsewhere, particularly as the Treasury Department conducts a full review of the financial system...
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Are they just trying to figure out how to tax it?
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Does anyone think blockchain could be used to ensure the permanence of bureaucracies, in effect rendering the State virtually indestructible? The goal should be to restore free market societies, not to empower central government monopoly power.
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Realators Financiers Bankers Cannabis Businesses are all looking to the blockchain!
and for anyone thinking trump is trying to tax the blockchain, thats an ignorant assumption considering there would be no way to force anyone to pay taxes on an anonymous crypto currency!
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