Tag Archives: blockchain technology

Reps. David Schweikert, Darren Soto Present Bill to Redefine Blockchain Terms

Blockchain Technology

Reps. David Schweikert, (R-Ariz.), and Darren Soto, (D-Fla.) have reintroduced a bill to define concepts essential to the use of blockchain technology in the country. The Blockchain Records and Transaction Act would redefine the terms “electronic records” and “electronic agent” with expanded meanings, and establish definitions for terms “smart contracts” and “blockchain,” Schweikert's office said Tuesday.

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Treasury Department Studies Blockchain Use to Track Grants

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The Department of Treasury is nearing completion of an effort to develop a blockchain-based credit system for recipients of federal grants, FCW reported Friday. Craig Fischer, innovation program manager at the treasury department, said the effort aims to tokenize federal letters of credit for the tracking of awarded grants and associated cashflow.

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Interagency Working Group Analyzes Current State of Cyber Standards Devt for Internet of Things

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An interagency group has released a draft report that examines the current state of the development and implementation of international cybersecurity standards for internet of things-based systems, components and services. The National Institute of Standards and Technology said the draft report by the international cybsersecurity standards working group describes five IoT technology …

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