In the United States, the White House released the National Standards Strategy for Critical and Emerging Technologies on May 4, identifying eight technology areas that will have a significant economic impact in the near future.
The eight technologies include artificial intelligence, communications and networking technologies, biotechnology, and semiconductors, with distributed ledger technology (DLT) and digital identity infrastructure garnering attention from the crypto community. DLT allows concurrent acc ess, record verification, and record updating across the entire network database. Blockchain technology is based on distributed ledger technology, allowing users to see any changes and who made them, thereby reducing the need for audit data, ensuring data reliability, and restricting access to only those who really need it.
The national strategy seeks to increase US leadership in setting international standards for these emerging technologies. The US government is actively engaged in synergies with the private sector to promote and establish international standards for such emerging technologies. most prominent example of such cooperation is the development of telecommunications and communication standards. For example, the initial proposal for 3G was made by Qualcomm Technologies in the 1990s, followed by NTT Docomo, a major Japanese mobile operator, in the 2000s with proposals for LTE the primary standard for wireless b roadband communications for mobile devices and data terminals for telephony business.
The national strategy shows that distributed ledger technology and digital infrastructure will increasingly affect and be widely used in the economic field. Some of the key areas where these technologies will be actively tested include automated and connected infrastructure, such as smart communities and the Internet of Things . DLT is especially useful in building cybersecurity and privacy-based features and services.
