U.S. Congressman Patrick McHenry on Blockchain Technology

U.S. Congressman Patrick McHenry on Blockchain Technology

Together with Bitcoin Association founding president Jimmy Nguyen, the North Carolina representative discussed the challenges of pushing for national acceptance and adoption of this new technology and how it can foster financial fairness in the future digital economy.

And use cases for blockchain technology does not stop there. There are companies already building various applications that can revolutionize the way we do things. For instance, EHR Data is developing a blockchain-based healthcare database to help combat the opioid crisis and help in managing coronavirus data. Australian company Layer2 Technologies has also created B-Vote, a blockchain-based voting system that is transparent, secure and immutable. And the list goes on.

But even if these innovative platforms already exist or are already being developed, the fact remains that unless lawmakers understand what this new technology is, they will become a hindrance to its acceptance and adoption.

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