US Treasury to Complete PoC of Blockchain-Based Grants Payment System
Ana Alexandre's original article for cointelegraph.com reduced by 78%
The United States Treasury Department has almost completed tests of a blockchain-based grants payment capability as part of the exploration of how the tech can improve such operations. As the Business of Federal Technology reported on Jan. 10, the Treasury Department launched a program designed to discover whether blockchain could provide more efficiencies into the operations of a blockchain-based grants payment system.
A study from Cointelegraph Consulting and Swiss enterprise blockchain firm Insolar as of last December showed that blockchain technology could reduce supply chain-related costs for businesses between 0.4% and 0.8%..
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