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Blockchain's Developing Role in American Infrastructure

Feb 07, 2018 (NetworkNewsWire via COMTEX) --

NetworkNewsWire Editorial Coverage: One of the primary goals of the current U.S. Administration is to revamp the country's failing infrastructure, especially internal waterways vital for transporting a vast range of goods, including grain, steel, coal and petroleum products. Blockchain technology can play a crucial role in this process, and the federal government already investigating the potential implementation of the technology to streamline construction. Recently approved as a government contractor for the State of Utah, Petroteq Energy, Inc. (OTCQX: PQEFF) (TSX.V: PQE) (FRANKFURT: MW4A) (PQEFF Profile) has integrated blockchain into its operations, poised to take advantage of blockchain's impact on the oil and gas market, as well as infrastructure. Other enterprises focused on developing solutions in the blockchain space include 360 Blockchain, Inc. (OTC: BKLLF) (CODE: CNX), BTL Group Ltd. (OTC: BTLLF) (TSX.V: BTL), Hive Blockchain Technologies Ltd. (TSX.V: HIVE) and Marathon Patent Group, Inc. (NASDAQ: MARA).

In 2017, President Donald Trump allocated $200 billion of the national budget to rebuild the country's infrastructure as part of a $1 trillion investment plan over the term of his presidency, according to a White House report (http://nnw.fm/G2sLb). The integration of blockchain technology for infrastructure development could enhance the management and security of sensitive information, potentially allowing both state and federal governments to improve...

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