H.R.es248 - Emphasizing the importance and power of distributed ledger technologies (DLT) to support democratic governance, human rights, internet freedom, and transparency. (119th Congress)
Summary
H.Res.248 encourages the exploration and application of Distributed Ledger Technologies (DLT) by various US government agencies. The resolution emphasizes DLT's potential to strengthen democratic governance, promote human rights, enhance transparency, and support sustainability efforts. It also calls for engagement with technology experts and international partners to ensure responsible and effective use of DLT.
Expected Effects
If implemented, this resolution could lead to increased government investment in DLT research and development. It may also result in the integration of DLT into various government services and international aid programs. This could improve transparency, efficiency, and security in these areas.
Potential Benefits
- Enhanced transparency and accountability in government operations through the use of DLT.
- Improved security and resilience of critical infrastructure and data through decentralized systems.
- Greater protection of human rights and internet freedom by combating censorship and enabling secure communication.
- More efficient and effective delivery of humanitarian aid through direct cash transfers and reduced intermediaries.
- Potential for economic growth and job creation in the DLT sector.
Potential Disadvantages
- Potential for misuse of DLT by malign actors, requiring careful regulatory oversight.
- Accessibility challenges for individuals and communities without access to technology or digital literacy.
- Risks associated with the volatility and uncertainty of the DLT market.
- Concerns about data privacy and security if DLT systems are not properly designed and implemented.
- The possibility of unintended consequences from the widespread adoption of a relatively new technology.
Constitutional Alignment
The resolution aligns with the Constitution's broad goals of promoting the general welfare and securing the blessings of liberty. Specifically, the emphasis on freedom of speech and access to information resonates with the First Amendment. The promotion of transparency and accountability in government aligns with the principles of a democratic republic.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).