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