IBM Vice President for Blockchain Technologies Jerry Cuomo recently testified before the Commission on Enhancing National Cybersecurity on how the blockchain can benefit transactions, eWeek reports .
Cuomo is persuaded that the technology could potentially cause a tectonic shift in the way financial systems are secured and that government, technology companies and industries should work together to advance blockchain technology to enhance national security.
The Commission on Enhancing National Cybersecurity, announced in April, is tasked with making detailed recommendations on actions that can be taken over the next decade to enhance cybersecurity awareness and protections throughout the private sector and at all levels of government, to protect privacy, to ensure public safety and economic and national security, and to empower Americans to take better control of their digital security. Sam Palmisano, former CEO of IBM, is the commission’s vice-chair.
President Barack Obama issued Executive Order 13718 to establish the commission in February. The executive order tasked the National Institute of Standards and Technology (NIST) to provide the commission with such expertise, services, funds, facilities, staff, equipment and other support services necessary to carry out its mission.
“The Commission will make detailed short-term and long-term recommendations to strengthen cybersecurity in both the public and private sectors, while protecting privacy, ensuring public safety and economic and national security, fostering discovery and development of new technical solutions, and bolstering partnerships between federal, state and local government and the private sector in the development, promotion and use of cybersecurity technologies, policies and best practices,” notes the official commission website at NIST.
The commission held an open meeting on May 16 in New York City. Cuomo’s statement, which appears in the Panelist Statements document issued by the commission, is republished in the IBM Think blog with the title “ Blockchain: Securing the Financial Systems of the Future .”
Cuomo noted […]
