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 US GAO explores blockchain for SBAs small business programs oversight

US GAO explores blockchain for SBAs small business programs oversight


Published: 2023-07-12


1. Use of Blockchain in Small Business Programs Oversight: The article explores how the United States Government Accountability Office (GAO) is considering the implementation of blockchain technology to enhance oversight of small business programs operated by the Small Business Administration (SBA). The GAO is recognizing the potential of blockchain to improve the efficiency,transparency,and security of these programs. By leveraging blockchain,the government aims to streamline processes,reduce fraud,and provide better access to data for oversight purposes. This move highlights the growing interest in blockchain technology within government agencies and its potential to revolutionize various sectors.

2. Advantages of Blockchain Implementation in Small Business Programs Oversight: The implementation of blockchain in small business programs oversight offers several benefits. Firstly,the technology can ensure real-time transparency and reduce the likelihood of data manipulation or fraud,as information recorded on the blockchain is immutable and transparent. Secondly,blockchain can streamline bureaucratic processes,eliminating the need for intermediaries and reducing paperwork,which could result in cost savings and faster program delivery. Finally,blockchain can provide better data management,enabling government agencies to efficiently track and analyze program performance,identify areas for improvement,and make data-driven decisions.

3. Potential Challenges and Considerations: While the use of blockchain in small business programs oversight shows promise,there are potential challenges and considerations to address. One potential concern is the scalability and interoperability of blockchain technology,as government agencies may need to collaborate and share data across different platforms or regions. Additionally,ensuring data privacy and security in a public blockchain context could be a key challenge,given the sensitive nature of the information involved in small business programs oversight. Close collaboration between the GAO,SBA,and other stakeholders will be crucial in addressing these challenges and developing a robust and secure blockchain solution for small business programs oversight.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,103.40 983,910,259.50
2 BTC title=BTC 66,885.99 981,330,444.77
3 ETH title=ETH 3,080.49 494,886,897.71
4 SOL title=SOL 169.62 417,394,530.27
5 WIF title=WIF 2.55 240,112,329.33
6 PEPE title=PEPE <0.01 222,519,728.69
7 BONK title=BONK <0.01 166,787,551.40
8 DOGE title=DOGE 0.15 106,560,288.93
9 BOME title=BOME 0.01 82,300,006.04
10 FTM title=FTM 0.88 80,099,603.84
11 LINK title=LINK 16.40 63,406,641.58
12 ENA title=ENA 0.72 62,761,599.22
13 RNDR title=RNDR 10.37 61,544,761.16
14 FLOKI title=FLOKI <0.01 53,474,715.97
15 NEAR title=NEAR 7.69 53,170,745.20
16 RUNE title=RUNE 6.68 50,093,396.26
17 XRP title=XRP 0.51 48,547,487.16
18 RSR title=RSR <0.01 45,862,149.96
19 PEOPLE title=PEOPLE 0.04 45,042,585.02
20 ORDI title=ORDI 40.13 43,379,707.93
21 WLD title=WLD 4.82 38,274,350.29
22 AVAX title=AVAX 36.21 38,141,355.63
23 ICP title=ICP 12.84 36,884,553.02
24 BCH title=BCH 482.60 35,351,786.48
25 1000SATS title=1000SATS <0.01 32,867,020.34
26 BLZ title=BLZ 0.31 27,847,854.61
27 UNI title=UNI 7.72 27,149,412.77
28 ETHFI title=ETHFI 3.26 26,950,721.02
29 JTO title=JTO 4.39 26,300,349.33

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 70.90 +24.32
2 Keep3rV1 title=KP3R 82.45 +9.82
3 Hive title=HIVE 0.34 +8.16
4 Bonk title=BONK <0.01 +7.18
5 Phala title=PHA 0.20 +6.61
6 AC Milan Fan Token title=ACM 2.38 +4.40
7 BinaryX title=BNX 1.09 +4.36
8 Unifi Protocol DAO title=UNFI 3.91 +4.27
9 Manchester City Fan Token title=CITY 3.52 +4.24
10 Marlin title=POND 0.02 +4.17
11 Render title=RNDR 10.37 +3.36
12 AS Roma Fan Token title=ASR 3.77 +2.19
13 Kusama title=KSM 29.97 +1.52
14 Chainlink title=LINK 16.40 +1.42
15 JasmyCoin title=JASMY 0.02 +1.30
16 Alchemy Pay title=ACH 0.03 +1.01
17 eCash title=XEC <0.01 +0.98
18 Tokocrypto title=TKO 0.44 +0.76
19 OAX title=OAX 0.23 +0.75
20 Paris Saint-Germain Fan Token title=PSG 3.93 +0.74
21 Polkastarter title=POLS 0.74 +0.73
22 Akropolis title=AKRO <0.01 +0.73
23 Alpine F1 Team Fan Token title=ALPINE 1.83 +0.61
24 IRISnet title=IRIS 0.02 +0.59
25 Tranchess title=CHESS 0.19 +0.32
26 PowerPool Concentrated Voting Power title=CVP 0.39 +0.31
27 Uniswap title=UNI 7.72 +0.25
28 Mobox title=MBOX 0.34 +0.24
29 aelf title=ELF 0.53 +0.17
30 FarmBot title=FARM 68.23 +0.16

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Bluzelle title=BLZ 0.31 -17.14
2 ForTube title=FOR 0.02 -10.75
3 Tensor title=TNSR 0.85 -9.66
4 Quickswap [OLD] title=QUICK 0.05 -8.16
5 ConstitutionDAO title=PEOPLE 0.04 -8.05
6 FUNToken title=FUN <0.01 -7.75
7 Ether.fi title=ETHFI 3.26 -7.67
8 Ethena title=ENA 0.72 -7.55
9 Lisk title=LSK 1.83 -7.45
10 Enzyme title=MLN 20.37 -7.41
11 Pyth Network title=PYTH 0.42 -7.29
12 Pepe title=PEPE <0.01 -6.86
13 1000SATS (Ordinals) title=1000SATS <0.01 -6.78
14 Jito title=JTO 4.39 -6.60
15 Manta Network title=MANTA 1.52 -6.57
16 Verge title=XVG <0.01 -6.33
17 Game title=GTC 1.16 -6.22
18 BOOK OF MEME title=BOME 0.01 -6.22
19 0x Protocol title=ZRX 0.56 -6.02
20 Hifi Finance title=HIFI 0.78 -5.90
21 Omni Network title=OMNI 14.05 -5.83
22 Theta Fuel title=TFUEL 0.10 -5.79
23 dogwifhat title=WIF 2.55 -5.70
24 Loom Network (NEW) title=LOOM 0.09 -5.62
25 DIA title=DIA 0.48 -5.56
26 Voyager title=VGX 0.08 -5.36
27 Dymension title=DYM 2.62 -5.32
28 Chromia title=CHR 0.34 -5.29
29 Axelar title=AXL 1.00 -5.28
30 Ethernity Chain title=ERN 4.37 -5.22

Bitcoin's Greed and Fear Index.

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72
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Microsoft faces multi billion dollar fine in EU over Bing AI 2024-05-19
2 Bitcoin039s 669K price holds strong casts doubts on a 039deep correction039 2024-05-19
3 Crypto personality pleads guilty to fraud after promising 60 fictitious returns 2024-05-18
4 Aussie admits to promoting BitConnect crypto services without a license 2024-05-18
5 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
6 Genesis Global secures court approval for 3B payout 2024-05-18
7 US authorities bust 73M crypto scam make two arrests 2024-05-18
8 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
9 What is the Ethereum ETH burn address 2024-05-18
10 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
11 Godfather of AI advises UK government to start UBI 2024-05-18
12 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
13 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
14 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
15 Blockchain gaming investments reached nearly 1B in April 2024-05-18
16 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18
17 Alex Labs freezes 39M of exploited funds sent to CEXs after hack 2024-05-18
18 Ghana Singapore conduct trade in semi fungible token pilot project 2024-05-18
19 Changpeng Zhao teases writing project ahead of reporting to prison 2024-05-18
20 Crypto personality pleads guilty to fraud after promising 60 039fictitious039 returns 2024-05-18
21 Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18
22 Over 80 of recent Binance token listings are bleeding red 2024-05-17
23 Binance exec denied bail in Nigeria money laundering trial 2024-05-17
24 Sony warns 700 AI devs music streaming companies against content misuse 2024-05-17
25 How to trade crypto in the UK using Revolut X 2024-05-17
26 Binance backed Magic Square IDO platform to democratize retail investor access 2024-05-17
27 Is onboarding too hard Crypto adoption still faces major obstacles 2024-05-17
28 Bitcoin preps 039golden cross039 which last sparked 170 BTC price gains 2024-05-17
29 Dolce amp Gabbana face class action lawsuit after NFT delivery kerfuffle 2024-05-17
30 Crypto firms rally behind FIT21 bill approaching US House floor vote 2024-05-17
31 Harvard built hacker proof quantum network in Boston using existing fiber cable 2024-05-17
32 French regulator warns investors Bybit provided services illegally 2024-05-17
33 Bitwise CIO says BTC ETFs are huge success and 13F filings make him incredibly bullish 2024-05-17
34 Big miners pose a growing existential threat to Bitcoin 2024-05-17
35 VC Roundup Web3 infrastructure tokenization of everything drawing investors 2024-05-17
36 Bitcoin moves toward range highs but derivatives traders watch from the sidelines 2024-05-17
37 039Crypto King039 Aiden Pleterski faces fraud money laundering charges 2024-05-17
38 Bybits Notcoin listing debacle China firms profits up 1100 after crypto buy Asia Express 2024-05-17
39 Memecoin launcher pumpfun claims ex employee behind 19M exploit 2024-05-17
40 DTCC Chainlink complete fund data tokenization pilot with US banks 2024-05-17
41 Altcoins a relatively huge risk as days of big returns are gone say analysts 2024-05-17
42 Reentrancy attacks in smart contracts explained 2024-05-16
43 Tether TON team up with mobile app for USDT to fiat transactions 2024-05-16
44 Were just scratching the surface of crypto and AI Microsoft exec 2024-05-16
45 Regulatory crackdown spawns anti SEC 039CultureCoin039 2024-05-16
46 Animoca Brands leads 7M funding round for Param Labs 2024-05-16
47 Bitcoin shrugs off US jobs data as BTC price gives up 66K support 2024-05-16
48 OpenAIs iPhone moment trumps Google AI lies porn and dating AI Eye 2024-05-16
49 Crypto VCs are back in action amid market rally 2024-05-16
50 Ex Alameda Research co CEO calls for fair sentencing of Ryan Salame 2024-05-16

US news that has a significant impact on the market

at news day date time
1 Fed Chair Powell Speaks Sunday 19-05-2024 20:30
2 FOMC Member Bostic Speaks Monday 20-05-2024 12:30
3 FOMC Member Bostic Speaks Monday 20-05-2024 13:45
4 FOMC Member Waller Speaks Monday 20-05-2024 14:00
5 FOMC Member Barr Speaks Monday 20-05-2024 14:00
6 FOMC Member Jefferson Speaks Monday 20-05-2024 15:30
7 FOMC Member Mester Speaks Monday 20-05-2024 19:00
8 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
9 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
10 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
11 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
12 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
13 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
14 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
15 Existing Home Sales Wednesday 22-05-2024 15:00
16 Crude Oil Inventories Wednesday 22-05-2024 15:30
17 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
18 Unemployment Claims Thursday 23-05-2024 13:30
19 Flash Manufacturing PMI Thursday 23-05-2024 14:45
20 Flash Services PMI Thursday 23-05-2024 14:45
21 New Home Sales Thursday 23-05-2024 15:00
22 Natural Gas Storage Thursday 23-05-2024 15:30
23 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
24 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
25 Durable Goods Orders m/m Friday 24-05-2024 13:30
26 FOMC Member Waller Speaks Friday 24-05-2024 14:35
27 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
28 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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