The Eccles Building of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee is pictured June 2, 2016 in Washington, D.C. (Photo by Brooks Kraft/ Getty Images)
Priority open recommendations from the watchdog ding the financial regulators for lacking consistency in mechanisms to identify and respond to blockchain risks.
The small Phase 1 awards are specifically for projects on preventing forgery and counterfeiting of certificates and licenses at agencies like U.S. Customs and Border Protection.
Digital End-to-End Efficiency will automate billing and travel processes in their entirety, while Blockchain for Grant Payments continues a 2017 project.