The current US administration, led by President Joe Biden, has announced their intention to build international standards for blockchain technology through international cooperation.

These standards are being created to improve the use and application of blockchain technology and fulfill the United States’ commitments to promoting digital innovation and economic empowerment throughout the world.

Blockchain technology is a tool used to achieve these commitments by developing and empowering industries, improving healthcare services, and providing better financial services.

The White House’s plan for building international standards involves wide-scale international cooperation aimed at achieving a unified global standard that will improve the use and development of blockchain technology.

This standard will be open-source and implementable. The United States is sharing this plan with countries and partners from all over the world.