Congress letter to encourage the Treasury to utilize blockchain and DLT
Gesara.news » News » Congress letter to encourage the Treasury to utilize blockchain and DLTNews Date: May 5, 2020
Eleven members of Congress are calling on the U.S. Treasury Department to look at new technologies, including blockchain and distributed ledger technology (DLT), to help streamline how cash and supplies are distributed under a federal law trying to boost the economy during the COVID-19 crisis.
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
The Kraken Cray XT5 supercomputer at the National Institute for Computational Sciences (NICS) has been upgraded to become the first academic computer in the world to exceed one petaflop of calculation power.
Sources: news.utk.edu, news.softpedia.com
Given the current fiat money system is on a path towards its own destruction it is not surprising that there has been increasing talk of a monetary reset.
On February 3, 2017, Donald Trump issued a Presidential Executive Order on Core Principles for Regulating the United States Financial System.
The report of U.S. Department of the Treasury was prepared on July 2018, set A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation.
Nonbanks are well integrated into the U.S. payments system and play key roles such as facilitating back-end check processing; enabling card issuance, processing, and network activities; and providing customer-facing digital payments software.
This report includes a limited treatment of blockchain and distributed ledger technologies.
Treasury report: treasury.gov
President Donald Trump delivered very brief remarks Tuesday during which he celebrated the Dow Jones Industrial Average trading above 30,000 for the first time in history.
That is a sacred number, Nobody thought they would ever see it. That is the ninth time since the beginning of 2020 and it is the 48th time that we have broken records during the Trump administration, and I just want to congratulate all the people within the administration that worked so hard, and most importantly I want to congratulate the people of our country because there are no people like you.