US House Subcommittees to Explore Blockchain Application in Supply Chain Management
Two U.S. House Subcommittees will hold a hearing next week to explore the potentials of blockchain in improving supply chain management and combat counterfeit goods.
According to a notice published on the Subcommittee on Science, Space, and Technology’s website, the Subcommittee on Oversight and the Subcommittee on Research and Technology will hold a hearing on “Leveraging Blockchain Technology to Improve Supply Chain Management and Combat Counterfeit Goods” on May 8, 2018.
Witnesses include Dr. Douglas Maughan, cyber security division director, Science and Technology Directorate, Department of Homeland Security; Robert “Bob” Chiaviello, IPR counsel, Nuby Law; Michael White, head of global trade digitization, Maersk; and Chris Rubio, vice president global customs brokerage staff, UPS.
In February, the two subcommittees also held a hearing on “Beyond Bitcoin: Emerging Applications for Blockchain Technology”, in which the witnesses called for the Congress to set up a legal framework which would encourage and, perhaps, even fund research into uses of the technology within the public sphere.
In the same month, the chairs of the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) – Jay Clayton and J. Christopher Giancarlo, respectively – testified before the Senate Banking Committee on the oversight role of the SEC and the CFTC in the area of virtual currencies.
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