The White House has released a national standards strategy for emerging technologies, identifying eight sectors that will have a significant economic impact in the near future. The inclusion of distributed ledger technology (DLT) and digital identity infrastructure caught the attention of the crypto community, as these technologies have the potential to revolutionize the way data is managed and shared.
DLT allows for concurrent access, record validation, and record updating throughout a networked database, making it possible for users to see any changes and the people who made them. Blockchain technology, which is based on DLT, ensures data reliability and restricts access to only those who need it, reducing the need for data auditing.
US on DLT
The national strategy aims to increase U.S. leadership in the development of international standards for these emerging technologies, and the government is actively collaborating with the private sector to promote and build these standards. The telecom and communications industry provides a successful example of this collaboration, with the development of standards for 3G and LTE.
The national strategy predicts that DLT and digital infrastructure will have a significant impact on the economic sector, particularly in areas such as smart communities and the Internet of Things (IoT). These technologies can also play a crucial role in building cybersecurity and privacy-based features and services.
Overall, the national standards strategy aims to promote the development and adoption of emerging technologies, positioning the U.S. as a leader in these fields and ensuring the country’s competitiveness in the global market.
