Congressional Participants & Speakers
Blockchain and cryptocurrency are already transforming business, investing, and our American future. A Blockchain-based digital government will unify and streamline business and citizen services, unlock new functionality, and protect data. From BitCoin to Ethereum to Helium, the explosion and pervasion of crypto currency and business models promises new innovation the like we have not seen since the dawn of the internet revolution. What does this mean for regulation, transparency, compliance, and taxation? And will that revolution unleash new innovation to improve services and restore trust, or leave the Federal government watching as the private sector and foreign competitors take blockchain and crypto to the bank.
Which is the world’s largest economy – U.S. or China? Depends on how you calculate. Nominal GDP – the U.S.; Purchasing Power Parity (PPP) GDP – China. The point is, the U.S. has lost its claim to undisputed economic leadership.
In 2020, government services not only ranked dead last on the American Customer Satisfaction Index (ACSI) – Uncle Sam beat all segments to the bottom by more than 10 percent. Surprised…I bet not. The Federal government has never embraced customer experience excellence. COVID-19 underscored just how dangerous this indifference can be – considering citizens were left waiting for critical benefits for weeks and months due to outdated systems or trying desperately to find accurate information on testing protocols and locations.
The U.S. spends far more on healthcare as a share of GDP – but we rank dead last when it comes to access, outcomes, administrative efficiency, and equity. Not only are we overspending and underperforming, but fraud runs unchecked to the tune of $234 billion annually – with COVID-19 opening the door to new opportunities for fraudsters.
Cyber criminals stole $6 trillion in 2021 – a sum greater than the GDP of every nation with the exception of the U.S. and China. But, that’s table stakes compared to the cost to our democracy – namely confidence in our government and society – all at the hands of increasingly sophisticated and determined state sponsors. Unless we fix the cyber security and integrity issues, democracy may fall.
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