Mr. McCarthy’s vision is to use blockchain for the government’s day-to-day operations. He also suggested Congress build its open blockchain rather than rely on another crypto-network. But, the congressman knows outside help may be necessary.
“Blockchain is changing and revolutionizing the security of the financial industry out there. Why would we wait around and why wouldn’t we institute blockchain on our own to be able to check the technology but also the transparency of our own legislative documents,” he told the Select Committee on the Modernization of Congress, according to CCN.
Other lawmakers are on board. The Token Taxonomy Act is a bill moving through the House that would give crypto-startups more autonomy while reducing regulations.
Of the federal government’s $60 billion information technology budget, more than three-quarters goes toward “managing outdated legacy systems instead of investing in new technologies,” according to Mr. McCarthy. He considers blockchain to the solution.
More articles on health IT:
Microsoft expands government cloud options amid Department of Defense contract bidding
OhioHealth selects Epic for new EHR
Companies with CIOs, tech experts on board see higher revenue growth, MIT study shows
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.