May 07, 2023

White House Unveils National Strategy for Key Technologies

The White House in the United States recently released its national standards strategy for key and emerging technologies on May 4, 2021, with eight technology sectors identified as having significant economic potential in the near future. Among these technologies are artificial intelligence, communication and network technologies, biotechnology, and semiconductors, with distributed ledger technology (DLT) and digital identity infrastructure particularly grabbing the attention of the crypto community.

DLT is a form of technology that allows for the concurrent access, record validation, and record updating of a networked database. Blockchain technology is based on DLT, making it possible for users to see any changes made and the people who made them, while also reducing the need for auditing data, ensuring data reliability, and restricting access to only those who actually need it.

The national strategy is intended to increase U.S. leadership in the development of international standards for these emerging technologies. To this end, the U.S. government is actively engaging the private sector to promote and build international standards for such technologies. A notable example of this collaboration is the development of the telecom and communications standard. Qualcomm Technologies was responsible for the initial proposal for 3G in the 1990s, while NTT Docomo, a major Japanese mobile phone provider, made the recommendation for LTE, the dominant standard for wireless broadband communication for mobile devices and data terminals, in the 2000s.

The national strategy suggests that DLT and digital infrastructure will have a major impact on the economic sector and will be widely used in the near future. Automated and connected infrastructure, such as smart communities and the Internet of Things, are two key areas where these technologies are likely to be tested. DLT can especially find great use in building cybersecurity and privacy-based features and services.

The potential of DLT and digital infrastructure to revolutionize the economic sector has been recognized by the crypto community, with many NFT marketing agencies and web3 agencies now offering services to help companies create and promote their own NFTs. These services include helping companies create NFTs, providing marketing advice on how to best promote them, and offering guidance on how to best sell them. Twitter nft marketing has also become increasingly popular, with companies using the platform to promote and showcase their NFTs to a wider audience.

The inclusion of DLT and digital infrastructure in the White House’s national standards strategy is a major step forward in the development and adoption of these technologies. With the potential to revolutionize the economic sector, the crypto community is watching closely to see how these technologies will be used in the future.

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