Home / News / IDC Report Describes HHS Implementation of Blockchain in Acquisition Record-Keeping

IDC Report Describes HHS Implementation of Blockchain in Acquisition Record-Keeping

A recent IDC study describes how the Department of Health and Human Services has deployed blockchain technology to monitor acquisitions across the agency, Nextgov reported Friday.

The study was written by IDC Government Insights Research Director Shawn McCarthy and was released in September.

In the study, McCarthy talks about how, under the HHS Accelerate program, the government agency keeps track of procurement activity across the entire organization using a distributed ledger.

McCarthy explains how blockchain technology allows the HHS to maintain a detailed transaction record in real-time, and how it facilitates collaboration, allowing the agency’s different departments to compare transaction information.

McCarthy describes blockchain as “a very powerful tool” but notes that “as with any tool, it must be used in the correct way.”

Unless the technology is properly integrated into an agency’s processes, “the promise of blockchain will not be realized,” McCarthy says.

Check Also

Bryan Ware to Focus on CISA Modernization, Data Mgmt

Bryan Ware, the Cybersecurity and Infrastructure Security Agency's new assistant director for cybersecurity, said he will focus on the modernization of CISA's infrastructure, Fifth Domain reported Tuesday. The effort will largely involve updates across the agency's artificial intelligence technologies and data management tools, Ware said at FedScoop’s Data Cloud Summit.