Blockchain Technology in the Department of Defense

Abstract

As is arguably common knowledge among defense procurement professionals, the Department of Defense (DoD) acquisitions process is slow, expensive, and inefficient. Since 1990, the Government Accountability Office (GAO) has highlighted DoD Weapons Systems Acquisition and Supply Chain Management as two high-risk areas requiring focused effort to meet cost, schedule and performance goals. Blockchain technology has the potential to advance these goals. Congress agrees. By transforming how we conduct business, the DoD can realize significant benefits from blockchain technology. Private industry is testing blockchain and offers an opportunity for the DoD to learn from established practices. This research centers on how industry is implementing blockchain technology and leads to illustrate parallels where the DoD can apply similar practices to achieve efficiencies.