Obama commission told 'blockchain' technology offers data-security solutions

The President's Commission on Enhancing National Cybersecurity heard testimony this week on the merits of an emerging technology that balances security and privacy by building transparency and controls into the core of a data-driven system.

The technology, referred to as “blockchain,” is a derivative of the bitcoin market where it serves as the public ledger for all bitcoin transactions.

“There’s a critical role for government here – both to enhance national competitiveness and national security,” said Jerry Cuomo, who manages...