Security Is the Key to Growing Fed Blockchain Interest

Lloyd McCoy Jr.

By Lloyd McCoy, Market Intelligence Manager

Blockchain technology is gaining interest from the federal government. This secure, decentralized and interoperable solution can reduce IT security costs – and that checks all the boxes in federal procurement.

Things are moving pretty quickly with federal blockchain adoption, which is significant given how the government can drag its feet on new technologies. Back in July 2017, the GSA held the first U.S. Federal Blockchain Forum to pose uses for the technology from 100 federal managers.

Since then, blockchain requirements have shown up in more solicitations throughout the federal procurement process.

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OMB: Agencies Need Help With Old Problems

Chris WiedemannBy Chris Wiedemann, consultant

The cybersecurity challenges facing the government are well understood. Combine a highly federated environment, huge volumes of sensitive, classified or legally-protected data, all running on outdated legacy technology, and you get the government’s current situation: struggling to stay ahead of the latest threats in an increasingly dangerous digital environment.

Federal networks are very popular targets. The government deals with thousands of attacks each year – 35,277 in FY17, according to the most recent FISMA report. Moreover, the consequences of a successful attack are significant. Perhaps no data breach better exemplifies the dangers of lax security than the OPM attack in 2015, which exposed the personally identifiable information of millions of individuals to malicious actors and prompted a round of reports, recommendations and recriminations on the security posture of agency networks – as well as a renewed sense of urgency around security at the agency leadership level.

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