New Report to DoD: US Vulnerable to Cyber Threats Without Blockchain

— Value Technology Foundation, an American 501(c)(3) nonprofit that provides educational resources about emerging technologies, today released a landmark report detailing how the Department of Defense can utilize distributed ledger technology to fight and mitigate cyber warfare threats and otherwise fortify national security. Authored in part by leading technology giants including Accenture, Amazon, Deloitte, CGI Federal, and IBM, with leading blockchain firms ConsenSys, SIMBA Chain, and Colvin Run Networks Inc.,“Potential Uses of Blockchain By The U.S. Department of Defense” provides a new perspective on how the DoD can strengthen the military’s cybersecurity, reduce individual points of failure during emergency decision making, increase the efficiency of defense logistics and supply chain operations, and provide unprecedented transparency in the procurement process.

 

The Value Technology Foundation’s report demonstrates how multi-factor authentication from a blockchain system can provide stronger cybersecurity and how smart contracts could be programmed to provide secure interspace communications for the U.S. Space Force. Additionally, the report details how the U.S. Navy could utilize 3-D Printers on an Aircraft Carrier to generate replacement parts for fighter jets with specifications authenticated by blockchain technology. Moreover, the report describes specific examples of supply chain benefits from blockchain utilization, including how blockchain could make possible real-time audits of the U.S. Army’s procurement process. Jason Brett, former U.S. regulator and CEO and Founder of Value Technology Foundation, said: “Cyber warfare has become perhaps the greatest threat to American national security. Now, more than ever, the United States must make a material investment into primary research and development for defensive technologies such as blockchain.

 

More than twenty years ago, the Department of Defense thoughtfully incorporated the internet into its technical warfare planning, ensuring American predominance for decades. Today, the Value Technology Foundation makes the case that blockchain will be an instrumental technology around the world where adversaries such as China and Russia have already begun their own massive investments in blockchain technology. It is imperative that the United States begin devoting its resources toward DLT accordingly.”

 

With leadership from Congressman Darren Soto (D-FL) and his efforts to successfully add an amendment to the National Defense Authorization Act (NDAA) of 2020, the Under Secretary of Defense for Research and Engineering will conduct a briefing to both the House and Senate Armed Services Committees on the potential use of blockchain technologies for defense purposes.

 

Congressman Darren Soto (D-FL) said: “‘As with any effort or undertaking, the Government cannot go at this on our own and so I am grateful today to see how fierce competitors in the private sector have collaborated together to provide a roadmap for ways the DoD can apply blockchain technology. When I see the creativity of thought in ways of applying blockchain technology to support the Department of Defense in this paper, I am reminded of what a free and democratic society can do when called to action.”

 

About Value Technology Foundation: Founded in 2019, Value Technology Foundation is an American 501(c)(3) non-profit think tank in Washington D.C. that leads in research, development, application, and education of digital assets, blockchain and distributed ledger technologies, and other associated emerging technologies. We aspire to be a trusted broker of information for policymakers and U.S. agencies with a non-partisan, objective, data-driven, and transparent approach. For more information, visit www.valuetechnology.org.

 

Media Contact for Value Technology Foundation:
Caitlin Eckvahl, Wachsman
caitlin.eckvahl@wachsman.com
+1 (917) 318-7209

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