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Treasury's Fiscal Service wraps up 'incredibly positive' blockchain proof of concept
FedScoop: Five months of testing are over and the results are in — the Treasury Department’s Fiscal Service is here to tell you that blockchain can enable “much better” physical asset management.
In September 2017, the Office of Financial Innovation and Transformation kicked off a proof of concept project aimed at discovering if blockchain can improve the oversight and management of physical assets like computers and cellphones at the department. The hope was that the project would serve a dual purpose: It would be a way to experiment with a new technology as well as a way to make that technology (often very hype-laden) more down to earth and “tangible.”
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