White House to build international standards for DLT
The White House national strategy listed eight emerging technologies with a focus on building international standards and finding use cases in the economic sector. The United States White House released the national standard s strategy for key and emerging technologies on May 4. The national strategy identified eight technology sectors that will have a great economic impact in the near future. Among the eight technologies that focus on artificial intelligence, communication and network technologies, biotechnology, semiconductors and more, the listing of distributed ledger technology (DLT) and digital identity infrastructure grabbed the crypto community’s attention the most. DLT permits concurrent access, record validation, and record updating throughout a networked database. Blockchain technology is based on DLT, making it possible for users to see any changes and the people who made them, lowering the need for auditing data, ensuring data reliability, and restricting access to only...