US government accepts that Blockchain is the future. Seeks to invest in R&D.

[skelethon]

Source: https://www.fedscoop.com/gao-taps-ai-blockchain-society-altering-tech-calls-rd-spending/

One step closer to a crypto world I think!

It's always good to see more governments accept blockchain as the future. I imagine tracking funds, improving information safety and so on would drastically improve.

But on the other hand, I also really don't want the government controlling the blockchain. Who knows what can happen if it fell into the wrong hands.

Anyway - what do you think?

[KingScorpio]

Source: https://www.fedscoop.com/gao-taps-ai-blockchain-society-altering-tech-calls-rd-spending/

One step closer to a crypto world I think!

It's always good to see more governments accept blockchain as the future. I imagine tracking funds, improving information safety and so on would drastically improve.

But on the other hand, I also really don't want the government controlling the blockchain. Who knows what can happen if it fell into the wrong hands.

Anyway - what do you think?

jes why hold on the current financial system you would have to feed the poor, why not just drop them and make your own money. even if the system gets so confusing that no one understands it anymore.

[LeroyBro]

We can only see how it will go.

Can be a good thing or a bad thing, depending on the execution.

As far as I know, the Estonian government also uses it and they manage to do it effectively.

[coino.org]

Well, if blockchain is a future,  why do they ban investments in ICOs for USA citizens? Cant see any logical explanation.

[Onur_luna]

The government has the eye on everything that is likely to make money. it is actually a situation that sheds light on the investor. I expect and see investments 

[Ereun]

Source: https://www.fedscoop.com/gao-taps-ai-blockchain-society-altering-tech-calls-rd-spending/



But on the other hand, I also really don't want the government controlling the blockchain. Who knows what can happen if it fell into the wrong hands.

If the blockchain is entirely in government control, then the perpetrators of crypto will object.
Digital currencies are risky because they do not have an investment valuation base. Then, this currency is at risk for money laundering. "Thirdly, this will create a '' bubble ''. Perhaps the three points must be made by government regulation, this is just my opinion.

[R21]

Ok, if they are think blockchain need for future currency related activities and accept it and work for that then it's a better situation for cryptocurrencies future.

[WilfOtto]

Source: https://www.fedscoop.com/gao-taps-ai-blockchain-society-altering-tech-calls-rd-spending/

One step closer to a crypto world I think!

It's always good to see more governments accept blockchain as the future. I imagine tracking funds, improving information safety and so on would drastically improve.

But on the other hand, I also really don't want the government controlling the blockchain. Who knows what can happen if it fell into the wrong hands.

Anyway - what do you think?

That's "the reverse of the medal".
A government accepts blockchain with the purpose to control it. Otherwise government can begin banning usage of cryptos on its territory.

[HardFireMiner]

Check this up,
R E P O R T OF THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES ON THE 2018 ECONOMIC REPORT OF THE PRESIDENT, pages 200+

https://www.congress.gov/115/crpt/hrpt596/CRPT-115hrpt596.pdf

Solving the challenges cryptocurrencies and blockchains present
will require unique solutions that balance the needs of consumer
protection, security, and entrepreneurship. While it is impossible
to determine precisely which rules, regulations, and guidance will
result from this process, one thing is certain. Regulatory agencies
will need to coordinate to ensure they do not work at cross
purposes. America is already subject to a complex set of regulatory
institutions governing financial products and transactions. As
Perianne Boring of the Chamber of Digital Commerce
highlighted, this regulatory web produced four different
classifications of digital assets (commodity, security, currency,
and property), which is not conducive an environment where
entrepreneurs are enthusiastic about launching a startup.

Regulators recognized the need for coordination. In the Wall Street
Journal, SEC Chairman Jay Clayton and Commodities Futures
Trading Commission Chairman J. Christopher Ginacarlo noted:
The CFTC and SEC, along with other federal and
state regulators and criminal authorities, will
continue to work together to bring transparency
and integrity to these markets and, importantly, to
deter and prosecute fraud and abuse.
Outside the financial space, as noted above, other executive
agencies such as NIST and HHS continue working towards
standards that promote compliance without needlessly halting
innovation. For cryptocurrencies and blockchain to further thrive,
policymakers will need collaborative and innovative solutions that
set the rules of the game without overly prescriptive regulations
that constrain this emerging technology from reaching its full
potential
 

[Adunni6758]

This is really amazing, seeing the US government embracing blockchain technology. I would like to see some other countries that have not implemented the application of this technology into their system to also do the same.
A friend once said that, if developing countries can integrate blockchain technology into their economy, the rate of development will be faster. The reason being that, as it is, blockchain technology can be used to address and resolve so many issues bothering everyone.
People and governments are beginning to realise the affective of blockchain technology.

[cynical]

Well, if blockchain is a future,  why do they ban investments in ICOs for USA citizens? Cant see any logical explanation.

because they dont have control over them and the majority are scams.

blockchain technology is there for all to use and the US government announcing they are looking at developing it is not spectacularly surprising.
eventually all countries will use blockchain but it wont be anything we are interested in because they will still control it, just like FIAT.

[labake]

Anyway, it's a great development as the US government accepts blockchain technology. It's absolutely a sign of progress, Just imagine every bank in the world using blockchain technology. There won't be delay at all in their system but the issue now is hope they would be ready to learn from the experts who already had the knowledge or their Ego will make them keep trying?

[kryptqnick]

Well, if blockchain is a future,  why do they ban investments in ICOs for USA citizens? Cant see any logical explanation.

Blockchain is not limited to icos. It is a technology that can be used to decentralize trading of goods, for example. ICOs are making people lose lots of money, while there are projects released otherwise which are not able to turn up to be scammy ones. Banning ico while supporting blockchain makes sense.
However, banning all cryptocurrency ads on Google and Facebook doesn't. Oh, and the article is not so explicit about supporting blockchain IMO.