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1、BlockchainTechnology:PossibilitiesfortheU.S.PostalServiceRARCReportReportNumberRARC-WP-16-011May23,2016ExecutiveBlockchaintechnologyallowspeerstoexchangemoneydirectlywithouttheneedforatraditionalfinancialintermediary,loweringHighlightsSummarythecostand
2、increasingthespeedoftransactions.However,itisBlockchaintechnologyhasthepotentialtodisruptprovingtobemuchmorethanawaytotransfermonetaryvalue.servicesthattraditionallyrequireintermediaries.Atitscore,blockchaintechnologyisawaytotransferanykindofinformatio
3、ninafast,tracked,andsecureway.Originallycreatedtotransferfinancialvalue,specificallywithinthecontextofthepeer-to-peerThetechnologyisonlyintheearlystagesofdevelopmentandcurrencyknownasBitcoin,blockchainisnowvieweditishardtorecognizeitsfullpotentialatthi
4、sformativestage.ashavingthepotentialtobeanefficientandsecurewaytotransferanykindofinformation.However,developersarebeginningtoexploreblockchainsolutionsoutsideoffinancialservices.ThesenewapplicationsMainstreambanks,governments,andotherincludepropertytr
5、ansfers,theexecutionofcontracts,companiesarestartingtoexperimentwithhowauthenticationservices,networkanddevicemanagement,andtheycanuseblockchaintechnologyinfinancialrecordsmanagement.applicationsandinnewapplicationareassuchaspropertytransfers,authentic
6、ationservices,andDespitetheirnovelty,blockchainapplicationsaregainingrecordsmanagement.mainstreamtraction.Majorbanks,suchasCitibankandBecauseblockchaintechnologymaydisruptareasJPMorganChase,andgovernmententities,suchastheU.K.andinwhichthePostalServicec
7、urrentlydoesbusiness,EstoniangovernmentsandAustraliaPost,areexperimentingitmaybewisetobeginstudyingitsimpactandwithhowblockchaintechnologycanhelpthemkeepbetterexperimentingwithitsfuturepossibilities.recordsandprovideservicesthataremoreefficient.ThePost
8、alServicecouldlikewisestandtobenefitfrommonitoringandexperimentingwiththistechnology.TheU.S.PostalServiceOfficeofInspectorGeneral(OIG)ThispaperproposesthatblockchaintechnologycouldimpactcontractedwithSwissEconomics,aconsultingfirmwithin
