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Cryptopols
@cryptopols
📜 NEW LEGISLATION PROPOSAL New bill introduced by Rep. Nancy Mace to establish a blockchain-based system to securely store & share data related to border security: H.R.8275 - Border Security and Blockchain Technology Act Crypto Sentiment: Strongly Pro Recap👇 https://cryptopols.com/cp/legislation_detail?id=58
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Cryptopols
@cryptopols
2️⃣ While many crypto bills center around monetary-related aspects of crypto, H.R.8275 focuses on technology benefits of blockchains: immutability, transparency and verifiability The bill requests DHS to select a decentralized public blockchain and develop smart contracts in order to enhance border security ops
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Cryptopols
@cryptopols
3️⃣ The scope spans numerous systems across various border control and immigration agencies The bill aims to better verify travel documents, reduce immigration fraud, improve tracking goods through customs and enhance border patrol personnel deployment & more Overall goal: strengthen security of the US border
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Cryptopols
@cryptopols
4️⃣ This bill has the opportunity to showcase tangible real-world application benefits of blockchain technology It can potentially broaden the way some Congress members think about crypto beyond the monetary features of digital assets. That may positively impact the overall sentiment towards the crypto industry
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