In its newest Nationwide Safety Requirements Report, President Biden’s staff listed a number of tech industries as priorities for standardization, together with cryptocurrencies as an rising know-how to look at.
The White Home mentioned in a press release that the technique goals to strengthen the US base for shielding client know-how, in addition to its management and competitiveness in setting worldwide requirements.
The assertion provides that having a standard customary ensures that the know-how is constant by way of safety.
In keeping with the report, the federal authorities will give attention to digital id infrastructure and distributed ledger know-how, each of that are having an rising influence on varied key financial sectors. The record additionally consists of biotechnology, synthetic intelligence and semiconductors.
The addition of cryptocurrencies to the record of rising applied sciences reveals that the White Home acknowledges the rising significance of this asset class and its potential influence on the monetary business.
Cryptocurrencies are gaining traction as a viable funding possibility and a method of exchanging items and companies. With the rising adoption of blockchain know-how, the potential for safe and environment friendly transactions has turn out to be extra obvious.
Nonetheless, the cryptocurrency market stays largely unregulated, elevating issues that it’s getting used for unlawful actions equivalent to cash laundering and terrorist financing.
The White Home’s inclusion of cryptocurrencies on its record of rising applied sciences signifies that the administration is paying extra consideration to the business and will implement rules to make sure its protected and accountable use.
Past cryptocurrencies, the report additionally highlights the significance of digital id infrastructure, which is vital to on-line safety and privateness.
Distributed ledger know-how, the underlying blockchain know-how, has additionally gained consideration for its potential to revolutionize varied industries together with finance, healthcare, and provide chain administration.
The report’s give attention to rising applied sciences demonstrates the White Home’s dedication to fostering innovation and competitiveness within the know-how sector.
By prioritizing standardization and regulation, the federal government goals to make sure that these applied sciences are developed and utilized in a protected, accountable and honest method.
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