Representative David Schweikert (R-AZ), co-chair of the Congressional Blockchain Caucus, explains how his approach to teaching colleagues about blockchain evolved from technical diagrams to real-world applications.
“We used to actually try to do on the whiteboard the description of how A series of nodes actually talk to each other and how it stamps and time those things, and I realized there's no reason for that. You just now explained, here's the benefit.”
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More from Congressman David Schweikert
Insight
Rep. Schweikert: Bureaucratic self-preservation is the greatest barrier to blockchain adoption
“Actually, the greatest battle today is the threat to the current bureaucracies. Whether it be on the right or the left, you often defend your own personal income stream, your own job, your own bureaucracy, It's hard to say, hey, this is a great idea. You just …”
Rep. Schweikert: Blockchain was proposed for VA scheduling to prevent fraud
“We worked on a concept for using blockchain or distributive ledger for scheduling at the VA to deal with the fraud issues of people were sneaking in, changing the schedules, and the benefit of, hey, there's a timestamp. You would know who touched it, when, and…”
“The Uber driver, the peace worker who wants to put aside 25 cents every time they finished a drive or a project, could we dramatically lower the cost using a blockchain encrypted network? To move value from one end to the other, all of a sudden makes doing sor…”
Rep. Schweikert: Distributed ledgers will enable autonomous vehicle insurance by 2027
“If the code were held in a distributive ledger, you know that if someone touched it has a timestamp. You know that the code is the code that was involved in the accident, and that's not esoteric. This is about to change a lot of our lives over the next decade,…”
Rep. Schweikert: Arizona added smart contracts to state commercial code
“Arizona's legislature about three, four weeks ago actually put into the state commercial code smart contracts And recognition of distributive ledger.”
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