GAO: Government Can Benefit From Blockchain, but Challenges RemainÂ
Blockchain technology could “fundamentally change the way government and industry conduct business,” but fraud, money laundering and energy concerns remain, GAO reported Monday. The technology could increase transparency and in turn curb corruption, GAO said. Other opportunities: reduced labor costs,…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
improved data quality and reliability, and wide applicability. Security and blocking outside access are challenges, the government's own watchdog said. It cited lack of regulation and potential for less transparency.