According to the U.S. representative, blockchain applications can lower agency costs, improve accuracy, reduce fraud, and modernize analog systems; he emphasized practical implementation over Bitcoin or its whitepaper.
U.S. Rep. French Hill said blockchain is not a disruptive technology but a natural next step. He stated he is focused on building apps on a blockchain to lower agency costs, increase accuracy, reduce fraud, and make analog systems more effective, rather than on Bitcoin or its whitepaper.