U.S. House of Representatives Republican Leader Kevin McCarthy is advising the U.S. Government to research blockchain solutions to improve the efficiency and transparency of governmental work. McCarthy spoke about the issue to the Select Committee for Modernization of Congress this week.
According to McCarthy, Congress should be effective, efficient, and accountable, and he sees blockchain as a possible solution. The blockchain plays a crucial role in the transformation of the financial industry. McCarthy believes this technology could augment legislative processes as well.
“As technology continues to change our life, let’s make sure Congress has the same ability to do it…to make this place more effective, more efficient, and most importantly more accountable,” he said.