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Study on Blockchain Technology for Faster, Secure Veteran Benefits and Records.

This Act requires the Department of Veterans Affairs (VA) to conduct a comprehensive study on using Distributed Ledger Technology (DLT), such as blockchain. The goal is to determine how this technology can improve the efficiency, security, and transparency of benefits allocation, personal data management, and insurance claims for veterans. This exploration aims to ensure veterans receive the services they earned more accurately and securely in the future.
Key points
Mandates a one-year study to assess the feasibility of using blockchain technology to manage veteran benefits and records.
Focuses on potential improvements: faster and more accurate benefit payments, enhanced security of personal data, and streamlined insurance claims.
The VA must report findings and recommend specific pilot programs or necessary legal changes to Congress.
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Additional Information
Print number: 118_HR_9216
Sponsor: Rep. Mace, Nancy [R-SC-1]
Process start date: 2024-07-30