Cryptocurrency

U.s. government invests in Blockchain – Breaking News

The technology Blockchain gives to all. Thanks to its versatility, practically not a day passes without seeing a new invention or product, making use of the chains of blocks, hits the market to provide a solution to a need. However, it is very easy for those of us who do life in the crypto world, forget about these other functions of the Blockchain, and see to it only as the platform on which are based the cryptocurrencies, which ends up limiting the possibilities that we are able to see for this technology. And is that, originally, the Blockchain was not created for use in the launch of criptoactivos, but as a mechanism to bring databases more secure and transparent, through the system of “accounting ” distributed”, that is not another thing that the participation of all who form part of the network on the validation and protection of data that are entered in the same. This has allowed solutions in the field of finance, yes, but also in many other sectors such as medicine, education, the fight against corruption, or even the environment, demonstrating the versatility of this technology to participate in the solution of the most complex problems of our era. These possibilities have not gone unnoticed by the governments of the world, who at the same time maintain a struggle against the growing influence of the cryptocurrencies, also made significant investments in systems that, using the Blockchain, to make more efficient the management of government. Within this group enters the Department of Energy of the united States, which is funding with $ 200,000 a project to improve the security of the electric grid u.s. against possible cyber attacks, in which would be included Factom, one of the pioneer companies in technology Blockchain of the united States. This collaboration is performed through the TFA Labs, a startup dedicated to cyber security in the Internet of Things (IoT), which would be using the protocol developed by Factom to validate the equipment of the electrical network to be contaminated with malware. From CriptoTendencia, we decided that this was our fact of the day, as a reminder that the Blockchain has many more uses than just the creation of cryptocurrencies, so that, if you really want to do honor to the changes driven by this technology, we must try to explore all of the possibilities that offers us. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.

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About the author

Caroline W.

Caroline W.

Caroline is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2018, she joined CurrencyMarket24 as a writer.

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