THELOGICALINDIAN - IBM Blockchain Technologies Executive Jerry Cuomo testified on May 16 afore the Presidents Commission apropos National Cyber Security Cuomo batten on the attributes of blockchain technology and its use in association The affair complex a console of government admiral and added abstruse close representatives
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IBM Familiarizes Gov’t with New Tech, Again
Jerry Cuomo has been branch IBM’s blockchain action back the aggregation started its analysis and development with the protocol. The bunch association has additionally partnered with the Linux Foundation’s Hyperledger, which offers broadcast balance tech aural a cloud-based system.
Testifying afore the agency in New York City, Cuomo wants leaders to attending into the allowances of blockchains as anon as possible. Cuomo and abounding others accept the technology could enhance civic aegis and banking matters, ensuring abiding almanac befitting and barrier cyber attacks. IBM’s arch of blockchain technology said to the commission:
On the aforementioned day in a blog post, Cuomo declared that IBM believes blockchain technology will be an “essential tool” aural business and society’s transactions. He addendum that eighty years ago back the company helped the U.S. actualize the social aegis system. Now, with broadcast balance applications, government agencies can accept able-bodied assurance and aegis measures and alike advance “open antecedent governance.” While speaking to the commission, he acclaimed that Bitcoin is the best acclaimed permissionless arrangement but added that there is added to the technology than aloof currency. Cuomo explains to the President’s Commission:
Cuomo additionally told the console that government should not asphyxiate innovation, but rather “safeguard them.” He believes the technology will accommodate aegis and banking administration systems. The distributed balance innovation Cuomo describes could advance to proof-of-identity solutions in amusing security, abstracts provenance, defended transactions, and administration intelligence. With blockchain, Cuomo states, admiral “could confidentially allotment advice in absolute time that, back accumulated with abstracts from added companies, could be acclimated to atom patterns and bound advance countermeasures.”
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Images address of IBM-affiliated websites, and Pixabay.
