Boy, has blockchain become respectable. It wasn’t long ago that the face of the technology, which powers the crypto-currency bitcoin, was libertarians and drug dealers. Today, it’s the banking industry and members of Congress.
On Monday, Rep. Jared Polis (D-Co) and Rep. Mick Mulvaney (R-SC) announced the creation of a “Blockchain Caucus” to promote laws and policies to encourage the development of crypto-currencies and other blockchain-related tools.
“Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy, and the delivery of government services,” said Mulvaney in a statement, encouraging other members of Congress to join the caucus.
Hype over blockchain has been bubbling for years because it offers a new form of digital record-keeping in which networks of computers verify and store transactions. Banks and companies like Accenture acn and IBM ibm are already deploying it to replace slow and expensive third-party ledgers systems.
http://fortune.com/2016/09/26/blockchain-caucus/
