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NIST Issues Blockchain Technology Report

By Deborah Dobson posted 02-06-2018 10:30

  

On January 24, 2018, the National Institute of Standards and Technology (NIST) issued its “Draft NIST Interagency Report 8202 Blockchain Technology Overview” which it announced as “Report on Blockchain Technology Aims to Go Beyond Hype.” The NIST’s report authors hope it will be useful to businesses that are trying to decide whether to use blockchain technology or not. 

The draft report is intended to provide a high-level technical overview of blockchain technology. Besides discussing its application for electronic currency, the report also discusses broader uses. The NIST wants to help the reader understand the technologies that comprise blockchain systems and to understand how blockchains can be appropriately and usefully applied to technology problems. Additionally, the report explores some specific blockchain applications and some examples of when a blockchain system should be considered for use. 

The NIST is seeking feedback from the public and private sectors, nationally and internationally, to help shape the final publication. 

If you don’t understand blockchain and how it works, this report is a really good place to start. The authors make it easy to understand what seems to many a complicated technology.

You can also view my post "Resources for Learning About Blockchain."


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