U.S. House Subcommittees on Oversight and on Research and Technology gathered yesterday to hold a joint hearing, tellingly titled “Leveraging Blockchain Technology to Improve Supply Chain Management and Combat Counterfeit Goods.”
Chairman Ralph Abraham of Louisiana opened the meeting with a statement that highlighted the ledger technology’s potential applications for shipping, logistics, and customs, where it can serve as a force for good for both private and public sectors. Congressman Abraham also stressed the state officials’ commitment to leveraging private businesses’ experience with blockchain to improve the efficiency of government in these particular domains.