US Senate Defense Policy Bill Calls for Blockchain Study

Blockchain, News | September 20, 2017 By:

The US Senate has passed a $700 billion National Defense Authorization Act that includes a mandate for a blockchain study.

The bill provides around $640 billion for the Pentagon’s main operations, and about $60 billion to fund the conflicts in Afghanistan, Iraq, Syria, and elsewhere. The bill also includes an amendment, proposed by Senator Rob Portman of Ohio that calls for a blockchain study.

The amendment was agreed to by unanimous consent ahead of the defense bill’s final vote, according to the official Congressional website.

The bill follows a similar one passed in July by the House of Representatives. The two will have to reconciled, and then that new version will have to be passed and signed into law by the President.

According to the amendment’s text: “not later than 180 days after the date of the enactment of this Act, the Secretary of Defense, in consultation with the heads of such other agencies and departments as the secretary considers appropriate, shall submit to the appropriate committees of Congress a report on the potential offensive and defensive cyber applications of blockchain technology and other distributed database technologies and an assessment of efforts by foreign powers, extremist organizations, and criminal networks to utilize these technologies.”