Florida congressmen are champions of the National Research and Development Strategy for the Distributed Book Technology Act

This week, US-led Sunshine Congressmen Representative Michael WaltzR-Fla., Supports “Law on the National Strategy for Research and Development for Distributed Book Technologies

Waltz presented the proposal with US support Representative Byron DonaldsR-Fla., I Darren Soto, D-Fla. Other supporters include the United States Representative Josh GotheimerD-NJ and Eric SuwellCalifornia

The bill “will require the federal government to coordinate research and development efforts on distributed book technologies (DLTs) and their applications,” and Waltz’s office offered some details about it.

Distributed book technology “DLT, which incorporates better-known blockchain technology, is widely known as a core technology that allows cryptocurrencies and other digital assets such as irreplaceable tokens (NFTs),” said Waltz’s office. “Potential uses of DLT also include supply chain transparency, digital identity, information management and more. DLT applications could strengthen individuals’ ownership of their data, improve the quality and security of online services, and streamline regulatory compliance for businesses.

“DLT is also one of the key areas of focus on the technologies listed in House-passed America SHARES LAW and the Senate accepted US Innovation and Competition Act (USICA), who are currently at a conference on resolving differences, “added the Waltz office. “In particular, on Law on the National Strategy for Research and Development for the Technologies of the Distributed Book from 2022 would: require Science and Technology Policy Office (OSTP), in coordination with other relevant federal agencies, to develop a national research and development strategy for DLT and its practical applications; require National Science Foundation (NSF) to continue to support DLT research and its applications, paying particular attention to several areas where the private sector is not investing enough “and” requires National Institute of Standards and Technology (NIST) to participate in an applied research project to research and demonstrate the potential benefits of DLT.

Waltz and other supporters weighed the bill this week.

“Other nations, including our opponents, have realized how critical it is to invest in the development of distributed book (DLT) technologies for the future,” Waltz said. “Actually, on Chinese Communist Party has built Blockchain service network as part of its ambition to establish a “digital silk road”. The United States, on the other hand, is lagging behind. To maintain our leadership and competitiveness on the world stage, we need to invest in DLT research and development here at home. This bicameral, bipartisan legislation will help fill the gap in current federal science policy, invest in our future, and promote responsible innovation across the country.

“It is essential that the United States continue to be a global leader in these emerging technologies to ensure that our democratic values ​​remain at the forefront of this technological development,” Soto said. “By developing the right strategy and supporting research, we stimulate innovation and improve access.”

“Washington bureaucrats have been deliberately stopping ingenuity for decades – now is the time to promote policies that advance American technology,” Donalds said. “By increasing research into blockchain technology in a wide range of applications, we can increase efficiency, streamline development and reduce the burden of regulatory waste. This legislation enables and encourages leading innovators to develop and cultivate revolutionary technologies here in the United States.

The bill was shipped to the United States Committee on Science, Space and Technology of the Chamber.

US Senator Roger WickerR-Miss., Defends the bill in the United States Senate. American Sensor Marsha BlackburnR-Tenn., Bill CassidyR-La., Cynthia LoomisR-Wy., I Gary Peters, D-Mich., Are sponsors of the bill. Wicker’s bill was sent to the United States Senate Committee on Trade, Science and Transport which supported him in late May.

Kevin Derby
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