Blockchain Attractive to Feds for Reducing Risk

By Ryan Granato, analyst

Blockchain has been around for some time, but the United States Government has not yet incorporated it into their portfolio, meaning there is huge opportunity to be had in this emerging market. Originally, blockchain was created as a supporting infrastructure for digital currencies such as bitcoin.

Imagine a dataset that is disseminated and duplicated multiple times across a network. Then imagine that the network, which supports the dissemination of this data, is designed to regularly update the data across all devices. Like the internet, blockchain technology stores identical blocks of data across the network. However, blockchain technology allows for decentralized data. This means that blockchain is immune to single points of failure and cannot be controlled by any single entity, which makes it very attractive to a government customer concerned about the increase in malicious network disruptions.

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