Within the newest report on nationwide safety requirements, President Biden’s staff listed a number of know-how industries as priorities for standardization, together with cryptocurrencies as a brand new know-how to observe.
The White Home assertion mentioned the technique goals to strengthen the U.S. shopper know-how safety basis, in addition to its management and competitiveness in setting worldwide requirements.
The assertion added that the frequent commonplace ensures that the know-how is constant by way of safety.
The report says the federal authorities will deal with digital id infrastructure and distributed ledger applied sciences, that are having an growing impression on numerous key sectors of the economic system. The checklist additionally contains biotechnology, synthetic intelligence and semiconductors.
The addition of cryptocurrencies to the checklist of rising applied sciences signifies that the White Home acknowledges the rising significance of this asset class and its potential impression on the monetary trade.
Cryptocurrencies are gaining recognition as a viable funding possibility and a way of alternate for items and companies. With the growing adoption of blockchain know-how, the potential for safe and environment friendly transactions has grow to be extra obvious.
Nevertheless, the cryptocurrency market stays largely unregulated, elevating considerations that it may very well be used for illicit actions corresponding to cash laundering and terrorist financing.
The White Home’s inclusion of cryptocurrencies on its checklist of rising applied sciences exhibits that the administration is paying extra consideration to the trade and might implement rules to make sure its protected and accountable use.
Along with cryptocurrencies, the report additionally highlights the significance of digital id infrastructure, which is important to on-line safety and privateness.
Distributed ledger know-how, a core blockchain know-how, has additionally attracted consideration for its potential to revolutionize a wide range of industries, together with finance, healthcare and provide chain administration.
The report’s emphasis on rising applied sciences demonstrates the White Home’s dedication to fostering innovation and competitiveness within the know-how sector.
By prioritizing standardization and regulation, the federal government goals to make sure that these applied sciences are developed and utilized in a protected, accountable and truthful method.
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