How the U.S. Federal Government can adopt and leverage blockchain technology for trusted traceability
Blockchain technology has far-reaching applications across many sectors of the U.S. Federal Government. Siemens cloud-based, IoT operating systems and blockchain-powered solutions can be applied in a range of applications, effectively digitizing defense agency operations to improve traceability and trustworthiness, streamline and secure supply chains, reduce costs, and maintain mission readiness.
One of the most promising use cases for blockchain technology is in improving inadequacies in the supply chain. Blockchain can help ensure secure, timely procurement of products and components, increase trust in supplier and vendor relations, accelerate data sharing for real-time analytics, and offer granular inventory insights and auditability through a hierarchical supply chain.
Blockchain can revolutionize how federal agencies design, engineer, and manufacture equipment, vehicles, and systems. Blockchain records and stores provenance data
and provides immutable documentation of quality checks and production processes to unlock the full potential of advanced technologies, such as augmented reality, digital twin, and 3D printing.
Blockchain technology provides several benefits to the energy sector. As grid systems become increasingly digital, distributed, and decentralized, blockchain is an immutable ledger that provides secure and real-time updates of energy usage data. By recording, storing, and tracking energy data, blockchain can help improve efficiency, costs, and security.
Blockchain can aid in the development of smart military installations and government infrastructure by acting as a single source of truth for network transactions. For example, for a smart military base, blockchain can be used to permanently record who enters and exits, what digital systems are operating, and outputs of critical assets, such as microgrids.
Next generation technologies, such as artificial intelligence, smart drones, additive manufacturing and digital twins make the U.S. Federal Government more dependent on digital technology. Blockchain is an incorruptible, decentralized, digital ledger of transactions that stand as one of the most robust defenders against cyberattacks.
Records and Data Management
Blockchain technology can simplify the management of trusted information, making it easier for government agencies to access and use critical data while maintaining the security of this information. Blockchain can help federal agencies digitize existing records and manage them within a secure infrastructure, allowing agencies to make some of these records “smart.”