U.S. policymakers have only just begun to grasp the revolutionary potential of blockchain technology. It started as a way to create a secure digital currency with Bitcoin and other cryptocurrencies. Now, blockchain is emerging as a general-purpose technology that can be sued for a burgeoning array of applications. These include new capital markets that eliminate some of the middlemen and can settle a trade in digital securities instantly, instead of taking three days. There also are blockchain applications helping poor people in developing countries acquire legal title to the land they’ve lived on for generations, and ensuring secure voting for military personnel overseas with instant results.
Blockchain’s power to distribute data, eliminate intermediaries and reduce transaction costs has big implications for public policy, especially around issues such as data protection and privacy, and digital platform competition. For a deeper dive into the economic and social implications of blockchain, please join the Progressive Policy Institute for a Capitol Hill forum July 16th at 12:00 PM. The conversation will feature blockchain entrepreneurs as well as political leaders and policy analysts.
A light lunch will be provided. RSVP required.. Panelists in formation.