The US Department of the Treasury is planning a pilot programme that uses blockchain technology to track office equipment, including smartphones and computers. Blockchain, which was first developed in 2009 by Vitalik Buterin, has been used for years as an alternative currency but its potential applications are still being explored.
The US Department of the Treasury is planning a pilot programme that uses blockchain technology to track office equipment, including smartphones and computers. The project is being pursued by the department's Bureau of Fiscal Services, which is examining the potential for distributed ledger technology (DLT) to be used to improve efficiency and accountability in the management of government assets and finances.