On February 9th, 2021, Don Tapscott, author, businessman, and leader of the Blockchain Research Institute, published a 120-page comprehensive report urging and delineating how the US government, and specifically, the Biden-Harris administration, can move forward to guide the United States of America and the entire world, into our upcoming digital future. This digital future, Tapscott suggests, is deeply embedded within blockchain and cryptocurrencies as foundational technologies.
The report includes a foreword by Tony Scott, former Federal CIO of the United States during the Obama-Biden administration.
The full report which can be found here, outlines several topics from the “trivergence” of artificial intelligence, the Internet of Things, and blockchain technologies, to a series of specific solution based avenues that the Federal Government can take to address issues that have been exacerbated by, among other things, the COVID-19 pandemic.
The report begins by stating, “The Biden-Harris administration arrives at a unique time in history. The pandemic exposed problems at all levels of government, creating a demand-pull for transformation.” This statement raises an essential point that though this year has been generally detrimental for all sectors, outside of cryptocurrencies, what has been identified are needs, crucial needs that can be remedied by technologies such as blockchain.
The report then follows by going in-depth into five main recommendations for the United States government.
1. Ensure security, privacy, autonomy, and citizen-owned identities
2. Embrace the digital dollar and digital currency
3. Retool government services and service delivery to meet world-class digital standards
4. Engage citizens, hold elected officials accountable, and rebuild trust
5. Reboot America’s innovation economy to include a diversity of entrepreneurs
Though the 120-page report may be long for most readers, the executive summary, found here, is an interesting read for anyone looking to learn more about the practical implementation of blockchain and cryptocurrency in the coming year.
Do not be mistaken, though this sounds highly intellectual and aimed at policy. If well implemented, these recommendations would lead to a thriving digital revolution with endless positive implications and investment opportunities for those of us who are still early to the party.
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