The US Congress recognized the need for widespread use of the detachment

in #usa6 years ago

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Two subcommittees of the US Congress held hearings about how a blockage can be used in supply chain management. Their participants concluded that this technology has a wide range of applications, despite the lack of industry-wide standards at present.
The problem of cybersecurity

The Subcommittee on Oversight and the Subcommittee on Scientific Research and Technology discussed the issue of the use of a detachment with four representatives of the public and private sectors. Republican congressman Barry Loudermilk (Barry Loudermilk) noted that, to his delight, the discussion of the topic of blockade came to the government level.

"If we can digress from the crypto currency and focus on the technology behind them, this can be a solution to many problems of cybersecurity and data protection," he added.

Participants of the hearings noted that the use of a block to write down each stage of the supply chain in any industry hypothetically reduces costs and increases the speed. For example, Douglas Maughan, Director of the Department of Homeland Security of the Department of Homeland Security, said that the detachment can optimize supply chain management at the government level in terms of "delivery, logistics and customs control." According to him, the technology can be used by the customs service and the US border guard.

Michael White, the head of the digitization of the international trade of Maersk, said the blocking unit is capable of reducing prohibitively high administrative costs in international supply chains. He stressed the importance of creating an "open and neutral industry platform and the underlying worldwide network of interconnected supply chain participants."
Necessity of development

All four invited participants in the discussion mentioned that the lack of standards or even specifications for blockage can limit the growth of the market. In addition, the development of quantum computing can create the conditions under which this rather complex system can crack the cryptographic systems of the block, in case it does not develop.

Chris Rubio, vice president of global customs brokerage services at UPS, expressed the hope that the industry will cooperate in creating the standards needed for widespread adoption. "The uncertainty caused by the absence of these common standards will hamper the large-scale investments necessary to successfully introduce blockage into the supply chain," he said.

Republican Congressman Ralph Abraham, who chairs the oversight subcommittee, positively assessed the future of the detachment, noting that it is guarding the revolution in tracking goods, just as GPS technology once changed navigation.

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