Blockchain

Nuclear Risks reduced by Blockchain Technology

A report published by the Centre for Science and Security last November 2 has outlined the attributes of blockchain technology and how it can enhance trust between nations fighting to undo nuclear warheads “in a safe” and “reliable” way.

The report also showed that blockchain could reduce the risk of potential wars. The new study named, The Trust Machine: Blockchain in Nuclear Disarmament and Arms Control Verification has found that blockchain technology:

“[It] creates new opportunities to build trust among parties to the Nuclear Non-Proliferation Treaty by advancing cooperation on nuclear disarmament and arms control verification.”

The report is proposed for the analysts and policymakers who were curious about how technologies like blockchain can reduce nuclear risks.

Nuclear weapons have been used twice in warfare during WWII, and in several nuclear tests, the nations keep on conducting. According to the United Nations, disarmament of such weapons is a challenging task.

Some reports have warned that the present administration in the US has caused a “great power competition” and other nations, leading to a buildup of a full-blown nuclear arms race. In addition to this, a leading researcher of the CSSS report, Dr. Lyndon Burford, said:

“Countries worldwide face the critical strategy of plummeting nuclear risks, and cooperative disarmament and arms control measures can help with that task.”

He believed that governments lack sufficient trust from each other because of strategic and legal concerns that didn’t reveal sensitive information.

Dr. Burford has also pointed out that if a blockchain technology has been implemented as a possible solution to the nuclear weapons’ predicament, DLT can help enhance trust among nations that signed the Nuclear Non-Proliferation Treaty with progressing cooperation on nuclear disarmament and arms control verification.

The ‘Trust Machine’ recommended that blockchain technology create an immutable, encrypted record of chain-of-custody for treaty-accountable items. A real-time monitoring at remote sites and automatically alert participants to potential treaty violations, for it, is blockchain tech’s primary function.

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