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Federal agencies use blockchain technology for their benefits

Federal agencies are increasingly turning to blockchain technology for its transparency, efficiency, security, and flexibility.

According to FedTech Magazine, various federal agencies like the The U.S. Food and Drug Administration (FDA) and the Treasury Department started using blockchain.

Officials from FDA nneeded an effective way to track data on the H1N1 swine flu virus which began to spread again in 2017. Naturally Officials couldn’t find a better way than adopting blockchain technology.

Federal agencies use blockchain technology for their benefits
Federal agencies use blockchain technology for their benefits

Henry Francis, Associate Director of Evaluation and Research in Data Mining and Information Technology at the FDA Center for Drug Evaluation and Research, has already successfully developed a blockchain-based application that can automatically retrieve encrypted data in real time from many sources.

Francis explained that the real-time application program for portable interactive devices (RAPID) is one of the first full blockchain implementations in the federal government. However, interest in technology is growing.

Blockchain technology and administration

The Treasury Department’s Office of Financial Innovation and Transformation (FIT) also turned to blockchain technology. The first implementation was mobile device tracking and the second was software license management. FIT also tested whether using blockchain in partnership with the National Science Foundation could improve grant payment processes.

The first blockchain attempts were promising, but showed that FIT needed to learn more about the technology to manage it more effectively and combine it with better use cases, said Craig Fischer, FIT project manager.

The Department of Health and Human Services (HHS) also uses Distributed Ledger Technology (DLT). to increase your purchasing power, reduce your reporting load, reduce costs for industrial partners, and improve records for supplier transactions.

The FDA is also investigating how to do it Use blockchain technology to track and manage food safety threats across the country’s decentralized food system and increase transparency in the pharmaceutical supply chain. The US Department of Agriculture (USDA) has already certified BeefChain, a blockchain company tracking the meat supply chain.

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