What is Blockchain and What Can It Do for Government?

What do government agencies, the public, and my grandmother all have in common? They all want to know what blockchain is and why it is so popular. So, what is blockchain? Watch the video to learn about this emerging technology and its potential benefits for government.

By carrying out pilots and proofs-of-concept, the Office of Financial Innovation and Transformation (FIT) is exploring how to use blockchain for Federal Financial management. Craig Fischer and Cassandra Madden recently published an article with Federal Times discussing the lessons they have learned so far in their blockchain journey at the Bureau of the Fiscal Service. Read their article

Quick References

OMB 16-11, Improving Administrative Functions Through Shared Services

Circular No. A-123 Appendix D, Compliance with the Federal Financial Management Improvement Act of l996

OMB M 13-08, Improving Financial Systems Through Shared Services

OMB M 10-26, Immediate Review of Financial Systems IT Projects

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