Share this article
Presidential Cybersecurity Panel Hears Blockchain Testimony By IBM
A panel on national security and cyberspace appointed by President Barack Obama heard testimony on blockchain technology from IBM earlier today.
By Stan Higgins
Updated Sep 11, 2021, 12:16 p.m. Published May 16, 2016, 8:24 p.m.
A panel on national security and cyberspace appointed by President Barack Obama heard testimony on blockchain technology from a representative of IBM earlier today.
Held in New York, the meeting brought together the Commission on Enhancing National Cybersecurity, formed in February by executive order and featuring among its membership retired General Keith Alexander, the first chief of the US Cyber Command.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Other members include MasterCard president and CEO Ajay Banga, Uber chief security officer Joe Sullivan; Georgia Institute of Technology; professor Annie I Antón; and Microsoft corporate vice president of research Mike Lee.
, IBM blockchain chief Jerry Cuomo said that the technology has "tremendous potential to help transform business and society", going on to suggest that in response, some – particularly in the public and private business sectors – have thus far remained on the sidelines.
Cuomo went on to say:
"We applaud judicious caution, but, at the same time, we believe that organizations and institutions that don’t quickly assess the potential of blockchain and begin experimenting with it risk falling behind as the world undergoes what we see as a tectonic shift."
IBM is one of a number of existing companies and startups working under the Hyperledger blockchain project banner, overseen by the nonprofit Linux Foundation. A number of members, including firms like Intel and JPMorgan Chase, have already submitted detailed proposals to the project.
During the appearance today, Cuomo advocated for the government to encourage applications in the areas of identity, transaction security, data provenance and intelligence sharing, ultimately calling on the US to take an active role in a changing technology landscape.
"While government should not seek to control these new financial systems, it has an important role to play in helping them to take off and in safeguarding them," he said, adding:
"We need to create a new social compact, where business, with input from government, architects the future of financial services."
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ICP Rises, Keeping Price Above Key Support Levels
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.
What to know:
- ICP rose 0.6% to $3.44 as early session volume surged 31% above average before fading.
- Resistance near $3.52–$3.55 rejected multiple breakout attempts, keeping the token range-bound.
- Support between $3.36–$3.40 held firm, maintaining ICP’s short-term higher-low structure.
Top Stories
