US President Joe Biden has signed the National Defense Authorization Act, which among other things provides for a new DLT strategy.
Recently, US President Biden passed a $ 770 billion Defense Act. Among other things, this instructs the Ministry of Defense to develop a digital strategy for emerging technologies. To these too Distributed Ledger Technologies (DLT) belong. Before Biden’s approval, he had National Defense Authorization Act the House of Representatives and the Senate happened.
On the other hand, there is hardly any mention of blockchain technology or crypto-related efforts in the legal text. But it does contain a passage relating to DLT. The Minister of Defense is instructed by Biden to develop a procedure for incorporating new technologies by April 1, 2022. In addition to DLT, points such as software development, engineering and product management, artificial intelligence and cybersecurity are mentioned.
Biden increases spending and wages for US military
The bill applies to the fiscal year that began on October 1 and primarily provides for a significant increase in spending for the US military – to the displeasure of the left wing of the US Democrats.
Providing vital services and improving access to justice for military personnel and their families, the law contains important powers in support of the national defense of our country,
quoted Reuters US President Biden. The law includes a 2.7 percent pay increase for the troops, the purchase of additional aircraft and naval ships, and strategies for dealing with geopolitical threats, particularly Russia and China.
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