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Tag Archives: govcon

Treasury Department Studies Blockchain Use to Track Grants

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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Gen. John Hyten: DoD Must Accelerate Pace in Power Competition

U.S. Air Force Gen. John Hyten, vice chairman of the Joint Chiefs of Staff, said the Department of Defense needs to be more responsive with regard to the power competition with Russia and China, DoD News reported Friday. Hyten said the military has to overcome the pace with its competitors and outrun them, especially considering China's speedy development.

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