Political Quotes

“Mr. Chairman, I rise today in support of my amendment, No. 44, which is included in en bloc No. 1. This amendment aims to establish a working group that will explore the potential applications of blockchain technology, smart contracts, and a distributed ledger technology to enhance efficiencies and functions within the DOD. While blockchain technology is a relatively recent innovation, it has already proven its value in both private and public organizations, enabling cost reductions, supply chain optimization, improved traceability efforts, and so much more. DOD can benefit from numerous applications where blockchain or distributed ledger technology can save both time and money. The proposed working group will consist of officials within the DOD, the Office of Science and Technology Policy, relevant private-sector entities, and academic institutions. By assembling this working group, the DOD will initiate the evaluation of how blockchain, smart contracts, and distributed ledger technologies can be effectively utilized to ultimately yield taxpayer savings. Mr. Chairman, I thank Chairman Rogers for his work on the underlying bill, and I urge adoption of this amendment. {time} 1545”