US Government Evaluating Blockchain Contract Opportunities
The US government is evaluating using Blockchain to run portions of the economy. They are claiming it would be implemented for purposes including quelling corruption and increasing transparency. This new Blockchain phenomenon has been a sticking thorn in the US government's side for the past year or two, and now Treasury Secretary Stephen Mnuchin is saying he doesn't want Bitcoin to become the next Swiss Banking alternative. Mnuchin also happens to sit on the Davos Blockchain panel this year.
The vehicles will be wrapped around Public-Private Partnerships (PPP) with foreign (perhaps even domestic investments such as done with Bonds) investors to fund certain activities of the US government, without incurring additional National debt. In other words Uncle Sam is about to get into the ICO space by rolling their own ICO's.
Portions of various intergovernmental departments are evaluating use of Blockchain in the following public sectors:
- The General Services Administration (GSA)
- Department of Treasury
- US State Department
- Department of Defense (DoD)
- Department of Homeland Security (DHS)
- National Aeronautics and Space Administration (NASA)
Conclusion? In my opinion, Uncle Sam wants a piece of the ICO .