MEETUP: Built On Blockchain (Denver) Feb 20, 2019
Facilitated by: Rich Kopcho
A discussion of current use cases, patent activity, and issues facing mass adoption of blockchain technology.
9. Smart Contracts in Government Acquisition
Vendor X:
Sells
software to
the
government
Digitize the software
licensing agreement
Clearing and
settlement is
automated
Digitize
currency
Government
Agency Y:
Buys
software
Match Buyer with Seller
Exchange
Contract receives assets
Contract distribute assets
$
Ownership is
undisputed
Registry
$
Deploy the software
according to the
agreement
https://blockgeeks.com/guides/smart-contracts/
Over $510 Billion in
contracts in FY17
https://datalab.usaspending.gov/competition-in-contracting.html
https://www.gao.gov/assets/690/683274.pdf
$320 billion competed contracts
$190 billion not competed
21,858,521 competed actions
925,888 actions not competed