Supply chain blockchain

A group of senators is proposing investigating the use of technologies, such as blockchain and AI, to secure the nation's supply chains and diminish reliance on our adversaries for goods.

Why it matters: In 2023, manufacturing contributed 10% of U.S. GDP.

Driving the news: The Commerce Committee's ranking member, Sen. Maria Cantwell (D-Wash.), alongside Sen. Marsha Blackburn (R-Tenn.) and Sen. Lisa Blunt Rochester (D-Del.) introduced S. 257, to support supply chain resiliency.

• The bill mainly serves to investigate possible ways the U.S. government could improve the security of manufacturers' sources of goods.
• It requires analysis of the supply chains of the U.S. and regular reports to the public and Congress.
• Notably, it would also create a supply chain working group, to be organized by the Department of Commerce.

In the weeds: In 18 months from enactment, the Commerce department would be expected to report to Congress on supply chain issues including "methods and technologies, including blockchain technology, distributed ledger technology, and other critical and emerging technologies, as appropriate, for the authentication and traceability of critical goods," as the bill text reads.

• Blockchain has long been touted as a way of ensuring the provenance of goods in a supply chain.

• For example, if a box of pharmaceuticals had its own private key, an end buyer could be more certain it originated in a reputable factory.

What they're saying: "Strengthening supply chains is essential to ensuring that groceries, fuel, household products, and every other consumer product is accessible and affordable," Blackburn said in a statement.