This bill makes the Secretary of Commerce the lead advisor to the President on the deployment, use, application, and competitiveness of blockchain and other distributed ledger technology, plus tokens and tokenization. The Secretary must set up a National Blockchain Deployment Advisory Committee within 180 days. The committee will include the Secretary, representatives of Federal agencies, and covered non-governmental experts such as infrastructure operators, application developers, businesses, academia, cybersecurity experts, rural stakeholders, and artists. The Secretary must help develop a public compendium of recommended guidelines and best practices on topics like interoperability, key storage, cybersecurity, decentralized identity, fraud reduction, health care and supply chain uses, and quantify potential value and cost savings. The advisory committee ends 7 years after enactment. The Secretary must publish annual reports beginning 2 years after enactment and a final report 18 months before the committee ends.
No publicly available information. The text of the bill does not specify funding amounts or appropriations to carry out these activities.
The bill frames its goals as supporting U.S. leadership and competitiveness in blockchain technologies, improving security and interoperability, promoting the use of blockchain across sectors (including health care, e-commerce, and supply chains), reducing fraud, and coordinating federal efforts. It also emphasizes public engagement, open-source infrastructure, and developing standardized terminology and best practices.
No publicly available information.