Yesterday U.S. Republican Senators Roger Wickers and Cynthia Lummis introduced a new Bill, the National R&D Strategy for Distributed Ledger Technology Act. The draft legislation aims to formulate a National Strategy for blockchain research, create a framework for funding research, and applied research for specific commercial applications.
“Distributed ledger technology (DLT) has the potential to make commerce more secure and transparent, as well as reduce marketplace friction,” said Senator Lummis. “Distributed ledgers have a wide range of applications from supply chain management to healthcare records.”
For the pure research aspect the National Science Foundation is expected to take charge of funding initiatives that range from designing consensus mechanisms and game theory approaches to quantum computing. While DLT is defined in the Act as both public and permissioned, the legislation specifies an emphasis on public permissionless blockchain.
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