It’s perhaps ironic that a technology created to bypass central authority might one day become that central authority’s key engine of innovation. Such is the case with distributed ledger technology, better known as blockchain.
Blockchain was introduced to the world as the record-keeping mechanism for the cryptocurrency Bitcoin, created as an alternative to the global financial system and fiat money backed by central governments.Download Now >
The Federal IT Budget & Contract Opportunities report finds that about 71 percent of the government-wide information technology was spent on federal contracting and the remaining 29 percent is toward internal agency operation between fiscal 2014 and 2018. Most of those contract obligations go toward IT modernization, including cloud computing, cybersecurity, data analytics, and artificial intelligence.Download Now >