IBM and members of the U.S. Congressional Blockchain Caucus discussed the use of blockchain for ID systems, payments, and supply chains during a meeting today, September 24, according to a press call attended by Cointelegraph.
IBM recently published a report entitled “The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain” made in collaboration with the U.S. Congressional Blockchain Caucus.
The report summarizes a series of roundtable discussions between U.S. Representatives Jared Polis (author of “The Cryptocurrency Tax Fairness Act,” which proposes to abolish crypto taxes below $600) and David Schweikert, along with Thomas Hardjono, technical director at the Massachusetts Institute of Technology (MIT) and Jerry Cuomo, vice president for blockchain technology and CTO at IBM.
IBM and MIT held three meetings with members of Congress, discussing the need for government funding of blockchain innovation and regulatory sandboxes, in which the state would be able to test different solutions before they are brought to the market.
As Cuomo said during the press-call, experts could study blockchain “the whole day”, but eventually it must be made available to citizens. He stressed that it was “time for the [U.S.] to start acting” on blockchain integration in daily life. “Blockchain is ready for government, let’s get government ready for blockchain,” he added.
Rep. Polis, who previously proposed making Colorado a “national hub for blockchain innovation in business and government,” said that the state has only begun to see “the promise of blockchain technology,” which exceeds cryptocurrencies and tokens.
He stressed the importance of creating the best legal framework for innovation and blockchain implementation, which could significantly improve the quality of life of Americans. Polis also added that blockchain might address “the real lack of trust in centralized institutions.”
Polis further mentioned the importance of relevant crypto taxation. “We want to make sure that people using cryptocurrencies won’t pay taxes for buying a cup of coffee or a magazine,” he said. However, when later asked on tax holidays for crypto startups, IBM CTO Cuomo said that was “a really big question” that had not yet moved much beyond “small dollar amounts.”
During the call, Rep. Schweikert — who previously urged the Internal Revenue Service (IRS) to clarify crypto taxation — said that medicine and social projects would see the most benefit from blockchain solutions. However, he noted that specific encryption standards should be elaborated to protect data — an aim pursued by the caucus’ partnership with several institutions such as MIT and the National Institute of Standards and Technology (NIST).
As Cointelegraph reported earlier this week, U.S. Congressman and Blockchain Caucus member Tom Emmer announced that he would introduce three bills to support the development of blockchain technology and cryptocurrencies, as well as establish a safe harbor for taxpayers with “forked” digital assets.
Author: Cointelegraph By Ana Berman
Source link
Hi! This is kind of off topic but I need some advice from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to begin. Do you have any points or suggestions? Many thanks
全「身」趨勢！LSD真空無痛技術，無需使用冷凍啫喱，比傳統激光脫毛更安全，更舒適，更快捷。腿部背部永久脫毛，只需15分鐘！最快激光脫毛科技 配以22x35mm 及 9x9mm 治療機頭，比其他品牌之24mm為大，覆蓋肌膚範圍更廣。 因而更能縮短療程時間及次數。專為亞洲皮膚而設 因應不同膚色設定不同能量，無論膚色較深或較白均適用 最舒適及最有效的激光脫毛體驗 (與755nm及1064nm作比較) 設真空脫毛技術 LUMENIS LightSheer® Desire 激光脫毛儀備有真空脫毛技術，令激光能量更集中聚焦，達至更快及更有效之療程效果。
Norfolk Essential Oils 美妝品牌情報匯集 UrCosme (＠cosme TAIWAN) 找品牌 Norfolk Essential Oils Norfolk Essential Oils ，匯集了Norfolk Essential Oils化妝水,花水純露
Aston Villa are interested in West Ham striker Carlton Cole. The England international, 26, has been one of the few shining lights for West Ham in their troubled season. Aston Villa set to test West Ham’s mettle with £10m bid for Carlton Cole
Nainggolan has attracted interest from both Manchester United and Chelsea but the former Roma manager, who left the club at the end of May, may seek to link up with the midfielder once again. Inter Milan boss Luciano Spalletti says he will ‘think about’ making an offer for Manchester United and Chelsea target Radja Nainggolan
The 33-year-old Czech international won Monday’s poll of players, coaches, football federation officials and journalists for a record eighth time overall. Arsenal keeper Petr Cech voted Czech Republic player of the year for eighth time after impressing at the Emirates
I like the valuable information you provide in your articles.
I will bookmark your blog and check again here regularly.
I’m quite certain I will learn a lot of new stuff right here!
Good luck for the next!
I’m not that much of a online reader to be honest but your blogs really nice, keep it up!
I’ll go ahead and bookmark your website to come back down the road.
Cheers
I loved as much as you’ll receive carried out right here.
The sketch is tasteful, your authored material stylish.
nonetheless, you command get bought an impatience over that you wish be delivering the following.
unwell unquestionably come further formerly again as exactly the same
nearly very often inside case you shield this increase.
Hi there Dear, are you actually visiting this site daily, if so
then you will without doubt take nice experience.
Great goods from you, man. I have remember your stuff prior to and you’re just extremely fantastic.
I really like what you have got right here, certainly like what you are stating and the way in which by which you
assert it. You’re making it entertaining and you still care for to keep it wise.
I can’t wait to read far more from you. This is really a great site.
I am regular visitor, how are you everybody? This article posted at this web site is
genuinely nice.
Undeniably believe that which you said. Your favorite justification seemed to be on the net the simplest thing to
be aware of. I say to you, I definitely get annoyed while people think about
worries that they plainly don’t know about.
You managed to hit the nail upon the top and also defined out
the whole thing without having side effect , people could take
a signal. Will likely be back to get more. Thanks
Thanks for ones marvelous posting! I certainly enjoyed reading it, you could be a great author.
I will make certain to bookmark your blog and may come back at some point.
I want to encourage you to ultimately continue your great posts, have a nice evening!
This is really interesting, You are a very skilled blogger.
I have joined your rss feed and look forward to seeking more of your great post.
Also, I have shared your site in my social networks!
Thanks for the marvelous posting! I actually enjoyed reading it, you might be a great
author. I will be sure to bookmark your blog and
may come back very soon. I want to encourage that you continue your great writing,
have a nice holiday weekend!
Fantastic beat ! I would like to apprentice while you amend your site, how could i subscribe for a blog web site?
The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear idea natalielise pof
Great post! We will be linking to this great content on our website.
Keep up the great writing.
Very rapidly this website will be famous amid all blog people,
due to it’s pleasant content
Hello! I know this is kinda off topic but I’d figured I’d ask.
Would you be interested in trading links
or maybe guest writing a blog article or vice-versa? My website covers a lot of the same topics as yours and I believe we could greatly benefit from each other.
If you happen to be interested feel free to shoot me an email.
I look forward to hearing from you! Superb blog by the
way!
Greate article. Keep posting such kind of information on your blog.
Im really impressed by your blog.
Hey there, You’ve performed an incredible job.
I will definitely digg it and personally recommend to my friends.
I’m sure they will be benefited from this
website.
Hi there would you mind stating which blog platform you’re using?
I’m looking to start my own blog in the near future but I’m having a hard
time deciding between BlogEngine/Wordpress/B2evolution and Drupal.
The reason I ask is because your layout seems different then most blogs and I’m looking
for something completely unique. P.S Sorry
for getting off-topic but I had to ask!
Spot on with this write-up, I honestly think this website needs much more attention. I’ll probably be
back again to read through more, thanks for the info!
I’ve been surfing online greater than 3 hours today,
yet I by no means found any attention-grabbing article
like yours. It is pretty worth sufficient for me.
Personally, if all site owners and bloggers made
good content material as you probably did, the net might be
a lot more helpful than ever before.
It’s an remarkable post designed for all the online
visitors; they will obtain benefit from it I am sure.