• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Markets
    • Venture Capital
  • About
  • Contact

Remarks at the #Blockchain Forum

October 10, 2017 By admin Leave a Comment

Remarks: John J. Sullivan, Deputy Secretary of State, The George C. Marshall Center, Washington DC, October 10, 2017

So good morning, everyone, and thanks for all of you being here and supporting this event. I am encouraged to see so many representatives from various U.S. Government agencies, including, of course, our colleagues from USAID, but from other government agencies, the private sector, academia, nonprofits, and foreign embassies. Your presence underscores the importance of this forum in gathering a group of people from every sector to talk about this exciting technology, so thank you for being here.

Blockchain has the potential to become a transformative technology of our lifetime. It is increasing its footprint in our daily lives every day and is expected to play a major role in trade, business, healthcare management, and finance, and we hope at the State Department as well. We are – we’re – in fact, we are quite confident of that. Through Blockchain we can track movements of goods in the shipping industry; we can verify someone’s ID; we can safely transfer money and payments across borders in real time.

It’s no wonder that Blockchain technology, a market that could grow to more than $40 billion by 2022 according to at least one estimate, has captured the attention of governments and international organizations worldwide. Estonia, a leader in this technology, has embraced the use of Blockchain to offer government-issued digital IDs. Last year, the Georgian Government launched a project in partnership with the private sector to register land titles using a private Blockchain. In the UAE, the government has started a goal of using Blockchain technologies to create a paperless Dubai by 2020. The Singaporean Government has also partnered with the private sector to open a center for Blockchain technology. And finally, the UN is working with a number of companies to create Blockchain pilot projects that help vulnerable populations, such as refugees, by developing economic identities and delivering humanitarian aid more efficiently.

So Blockchain technology is on the move around the world. It is, therefore, essential that we better understand this cutting-edge technology, as it becomes more ubiquitous in our economy. Today, as we consider this far-reaching technology and its potential applications across all sectors, we should have a couple of goals in mind.

First, speaking on behalf of the U.S. Government, we want to educate ourselves about how we can better leverage Blockchain technology. With so many groups here, we recognize the opportunity to explore together the potential applications of this technology, to strengthen our national security, and promote greater economic prosperity. And in particular, we’re excited about the many ways Blockchain technology could also increase transparency and accountability here at the State Department and across the federal government. In the simplest terms, we’re always open to exploring new ways to preform government functions more efficiently and effectively.

This forum also has implications, as Thomas suggested, for our ongoing redesign efforts at the State Department and USAID. We’re interested to learn whether Blockchain technology could have direct applications to many of the key features of our proposed redesign plan – for example, in maximizing the impact and accountability of foreign assistance. Two major challenges in foreign assistance that Blockchain technology could address are, first, corruption, fraud, or misappropriation of funds and, second, inefficiencies within the aid delivery process itself. This forum will include discussions of Blockchain-based aid-tracking systems that promise to bring more transparency to foreign assistance dollars from the donor to the beneficiary. That’s incredibly important to our work here.

Blockchain technology could also play an important role in improving our IT platforms. A breakout group this afternoon will evaluate the attributes of Blockchain technology that are relevant to cyber security, encryption and hashing of data, immutable records, and decentralized and distributed networks. Protecting our cyber infrastructure and providing resilient and relevant technology to the women and men of the State Department and USAID is crucial to helping them do their jobs efficiently all around the world, 24 hours a day.

In addition to learning more about your experiences with this technology and how we can better utilize it at the department and across the federal government, our second goal for this forum is to support public-private collaboration by providing an environment that will enable those potential partnerships to develop. The global challenges we face are too complex for any single entity to tackle alone. We need each other. Through these partnerships, we can take advantage of the creativity, unique capacity, and resources of all sectors to advance our diplomacy and development objectives. Nowhere is this partnership more relevant than with the new technologies that are quickly evolving.

So we look forward to spending the day exploring ways we can further collaborate and build more public-private partnerships. Blockchain technology is not a panacea; it’s not the answer to every problem. But we’re certainly hopeful that the State Department and the federal government can leverage this technology to make us more efficient and better able to serve the American people. And we know, without a doubt, that it will take all of those represented in this room and many more working together to harness this technology for more efficient and effective diplomacy and a stronger, more resilient United States.

Thank you all for being with us today. And I look forward to our discussions at this forum.

Filed Under: Tech Tagged With: Blockchain Forum, blockchain technology market, government blockchain market

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

With the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is positioning itself as a critical player in the EV industry
The US curbs on China’s semiconductor industry have a significant impact on the Asian semiconductor manufacturing landscape
The Immersive Experience in the Museum World
How insurers thrive in a turbulent market
Leveraging Artificial Intelligence to Drive Cost Savings and Productivity in Uncertain Times
The shipping industry is undergoing a significant change with the influx of new vessels arriving just as the growth of trade is beginning to slow down
Climate change is increasingly affecting the production of beer ingredients

Market Research Media

Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem
Turn Your Story into a Game: The Art of Gamifying Your Plot
The end of cheap money is redrawing the map of corporate earnings
The Future of Virtual Reality: How VR is Changing Industries
Market Research Media Survey: The State of Streaming Services
Media measurement services provide a holistic view of cross-media consumption
Gen Z ranks top in luxury sales

Secondary Sidebar

Tech Events

Embedded World 2023, March 14-16, 2023, Nuremberg, Germany
The IOT Solutions World Congress and Barcelona Cybersecurity Congress, May 21-23, 2024, Fira de Barcelona’s Gran Via venue
React Summit 2023, June 2 (in-person in Amsterdam) & June 6 (remote), 2023
Blockchaining 2023: The crypto world is facing a crisis of confidence
ScyllaDB Summit 2023 taking place online on February 15-16, 2023

Venture Capital

Gradient, a company specializing in eco-friendly heating and cooling solutions, has raised $18 million in a Series A funding round
The Importance of Diversity and Inclusion in the Workplace
Sequoia Capital announces its $195 Mln dedicated seed fund
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
actyv.ai Raises Pre-Series A Funding to Fuel Global Expansion, Product Enhancement

Footer

Recent Posts

  • Nel Hydrogen Electrolyser has received a purchase order €12 million for 40 MW of alkaline electrolyser
  • The use of immersive technology in museums is still in its early stages
  • The low tech unemployment rate and hiring activity confirms the long-term demand for tech talent
  • Virgin Orbit and SatRev Sign Launch Services Agreement
  • Harnessing the Power of Innovation for a Better Tomorrow
  • Breaking Down Silos: The Need for Cross-Sector Collaboration in Tackling Global Challenges
  • The SPIE Prism Awards recognized the best new optics and photonics products
  • Netlify has acquired Gatsby
  • Potential for disruption: Conference is the most inefficient way to get information
  • Artificial Intelligence: The Future of Healthcare

App Coding

Dynamic forms for your React app
Trellix Finds Workforce Shortage Impacts 85% of Organizations’ Cybersecurity Posture
ScaleOut Software Announces Production Release of Redis®* Integration
A developer’s job isn't just to churn out code every day
monday.com Adds Built-In Monetization Solution to the apps marketplace

API Coding

How to code an API with ChatGPT
API-based startup that connects African businesses
Profound Logic Builds IBM i Salesforce API Integration Example without Writing a Single Line of Code
WSO2 Completes $93 Million Series E Growth Funding Round with the Investment from Info Edge
What is a REST API?

Blockchaining

Bit.Store Platform Launches Social-Fi Collaborative Investment
What is Web3?
What is NFT?
Blockchain topics to be covered at DLD 2023
Experience the Future of Blockchain at Cybertech 2023

Event Calendar

eCarExpo, February 3-5, 2023, Stockholm
AHR Expo, the largest HVAC event in North America, February 6-8 2023, Atlanta, Georgia
The Cultural Transformation Business Summit, hosted by Epic Pivot, will take place on February 23, 2023 at The Wond’ry, Vanderbilt University’s Innovation Center
The CannaReg Summit 2023, March 22-23, 2023 in Burlington, VT
INDEX, the world’s largest nonwovens exhibition, takes place on 18-21 April 2023 in Geneva, Switzerland

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT