Is blockchain a small-company innovation that the Pentagon has failed?

But to the U.S. defense industry, blockchain is just another small-company innovation that the Pentagon has failed to grasp, and it is instructive to look at why. In the last five years or so, the technology has developed rapidly and is now being increasingly relied upon in supply chain management.

Can blockchain be a foothold in the Pentagon?

Several barriers have kept blockchain—and other new technologies—from finding a foothold in the Pentagon. The contracting process uses stringent criteria intended to verify that the vendor has a track record of success.

What is blockchain & how does it work?

Blockchain is mostly associated with money and finance, it can be used widely. Blockchain is a distributed ledger that allows for more transparent and verifiable record keeping. Although associated mostly with money and finance, it can be used widely. There are still many barriers to its widespread adoption, including confidence and regulation.

Is the blockchain a threat to large-scale institutions?

The Pentagon's report reveals vulnerabilities existing in the blockchain, focusing on Ethereum and Bitcoin. The research highlights the threat posed to large-scale institutions intertwined with blockchain technologies. In the Pentagon’s latest report, they reveal numerous vulnerabilities on the blockchain.