Blockchain For Military Defense – Trump Signs $700 Billion Bill

Blockchain, News, Regulation | December 13, 2017 By:

US President Donald Trump has signed a defense policy bill that includes the use of blockchain by the country’s Department of Defense.

The National Defense Authorization Act (NDAA) calls for nearly $700 billion of military spending for the coming fiscal year, but Congress has yet to fully fund it.

Trump said the bill will accelerate the process of fully restoring America’s military might.

“Now Congress must finish the job by eliminating the defense sequester and passing a clean appropriations bill, said Trump. “I think it’s going to happen. We need our military; it’s got to be perfecto. At this time of grave global threats, I urge Democrats to drop their shutdown threats and to send clean funding and a clean funding bill to my desk that fully funds our great military. Protecting our country should always be a bipartisan issue, just like today’s legislation.”

In Section 1646 titled “Briefing on the Cybers Applications of Blockchain Technology, the bill explicitly described the use case of blockchain technology in national defense and the applicability of an immutable ledger for the protection of sensitive information.

The bill calls for the defense department to begin a comprehensive study about the technology. According to the bill, “the Secretary of Defense, in consultation with the heads of such other departments and agencies of the Federal Government as the Secretary considers appropriate, shall provide to the appropriate committees of Congress a briefing on the cyber applications of blockchain technology.” The defense department will have 180 days to submit its report to Congress.

The study should include a description of potential offensive and defensive cyber applications of blockchain technology and other distributed database technologies; an assessment of efforts by foreign powers, extremist organizations, and criminal networks to utilize such technologies; an assessment of the use or planned use of such technologies by the Federal Government and critical infrastructure networks; and an assessment of the vulnerabilities of critical infrastructure networks to cyber attacks.