US Government Sets Standards for Emerging Technologies and Blockchain

The Biden administration has proposed international standards for distributed ledger technology (DLT), including blockchain, as part of its U.S. Government National Standards Strategy for Critical and Emerging Technology. DLT is one of eight critical and emerging technology sectors that will have a significant economic impact in the near future. The White House has developed four objectives to help drive the creation of international standards for the eight CET sectors: investment, participation, workforce, and integrity and inclusivity. The government aims to create new economic opportunities for U.S. industry, protect the integrity of international standards systems, and lead to CET standards that are durable and benefit communities both at home and abroad.