Two subcommittees in the U.S. House of Representatives will discuss potential applications for blockchain in government during a hearing on Wednesday.
“Beyond Bitcoin: Emerging Applications for Blockchain Technology,” scheduled to begin on Wednesday at 10 a.m. EST, is likely to constitute a broad overview of the technology – a key first step ahead of any possible action that focuses on the tech. Panelists will explain the basics of the technology before discussing how it can be used, said Brandon VerVelde, a spokesperson for the committee.
These panelists will come from both the private sector and from government agencies with experience in the field, as previously reported by CoinDesk.
Aides to the Committee on Science, Space and Technology, which will oversee the hearing, indicated that the effort is exploratory in nature, and will not necessarily lead to any legislative or regulatory action.
Indeed, VerVelde said that “any potential future committee action on the…