The US Treasury Is Testing Distributed Ledger Asset Tracking

The US Treasury Is Testing Distributed Ledger Asset Tracking

A major agency within the US Department of the Treasury is planning to track the movement of smart phones, computers and other office assets in a new blockchain pilot project. The Bureau of the Fiscal Service’s Office of Financial Innovation and Transformation (FIT) said yesterday that it has hired an as-yet-unnamed contractor to build a prototype system in order to “track and manage physical assets (for example, computers, cell phones, and the like).” Formed in 2012 through the merger of two separate agencies, the bureau is chiefly responsible for borrowing money to fund the government as well as handling […]