It is highly unlikely that the U.S. government will use a single blockchain across all departments and agencies
Zach Rynes, the community liaison officer for Chainlink, stated on platform X that it is highly unlikely that the U.S. government will use a single blockchain across all departments and agencies. Instead, the U.S. government will ultimately use a large number of private and public ledgers for various purposes such as improving expenditure transparency or automating manual processes. What can be certain is: - All these different public/private blockchain ledgers need to be able to communicate and share data between institutions through cross-chain interoperability standards; - Institutions need to seamlessly connect their existing backend systems and infrastructure to various public/private chains used by the government through an abstraction layer; - Institutions using blockchains to automate manual processes need access to external data resources in order to safely trigger smart contract functions using oracles; Only a unified platform can meet all these off-chain data requirements, cross-chain interoperability, and legacy system connection requirements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Franklin Templeton seeks US SEC approval to launch new cryptocurrency index ETF
The Bitcoin investment bill in Utah, USA has been passed by the House of Representatives
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)