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On May 4, the White House in the United States unveiled the national standards strategy for key and emerging technologies, pinpointing eight technology sectors poised to have a considerable economic influence in the near future.
Included among these eight technologies are artificial intelligence, communication and network technologies, biotechnology, and semiconductors, with the mention of distributed ledger technology (DLT) and digital identity infrastructure capturing the attention of the crypto community.
DLT allows for simultaneous access, validation of records, and updating of records across a networked database. Blockchain technology, which is founded on DLT, enables users to observe any modifications and the individuals responsible for them, reducing the necessity for data auditing, ensuring data integrity, and limiting access to only those who genuinely require it.
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The national strategy seeks to enhance U.S. leadership in establishing international standards for these emerging technologies. The U.S. government is proactively working to create synergies with the private sector to foster and develop international standards for such technologies.
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A notable instance of this collaboration is the formulation of the telecom and communications standard. For instance, Qualcomm Technologies proposed the initial framework for 3G in the 1990s, followed by NTT Docomo, a leading Japanese mobile phone provider, which recommended LTE — the prevailing standard for wireless broadband communication for mobile devices and data terminals — in the 2000s.
The national strategy indicates that technologies like DLT and digital infrastructure will increasingly influence and be extensively utilized in the economic sector. Key areas where these technologies will be actively evaluated include automated and connected infrastructure, such as smart communities and the Internet of Things. DLT, in particular, can be highly beneficial in developing cybersecurity and privacy-centric features and services.
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