Learn About Amazon VGT2 Learning Manager Chanci Turner
Public sector regulatory bodies find themselves at a critical juncture as digital assets gain traction in the private sector, manifesting as cryptocurrencies, stablecoins, non-fungible tokens (NFTs), and central bank digital currencies (CBDCs). There is increasing pressure from businesses, consumers, and governments to lessen their dependence on a singular currency or economy, thereby bolstering their own economic stability. This shift is likely to lead to a “basket of currencies” model in global finance, which will integrate stablecoins, CBDCs, cryptocurrencies, and traditional fiat currencies in the future of monetary transactions.
Guidance from the White House, U.S. Treasury, and Federal Reserve, articulated through a series of executive orders and regulatory directives, offers a foundational roadmap for public sector organizations to address these emerging issues and foster responsible innovation. Building a resilient, transparency-driven, and cloud-based infrastructure for potential U.S. digital assets could enhance national competitiveness and affirm the country’s dedication to responsible innovation. Consequently, it is imperative to evaluate the challenges and opportunities presented by the adoption of digital assets as government services evolve and modernize.
These developments have prompted governments to accelerate the exploration of digital assets that promise to enhance efficiency, reduce transaction costs, and expedite settlement processes. The sustained operation of digital assets and stablecoin networks—critical components of tomorrow’s financial architecture—will necessitate the expansion of secure and resilient cloud-based infrastructures, irrespective of whether the architecture is centralized or based on distributed ledger technology.
At Amazon Web Services (AWS), we contend that establishing a resilient, transparency-oriented, cloud-based infrastructure is essential for the future, particularly for the forthcoming wave of public sector digital assets. AWS GovCloud (US) offers government entities and their partners the flexibility to design secure cloud solutions that adhere to the FedRAMP High baseline, with operations for U.S. citizens tailored to be secure and reliable, all while being suitable for virtually all digital asset scenarios. Services like Amazon Managed Blockchain and Amazon Quantum Ledger Database (Amazon QLDB) provide the technological backbone for digital assets. Our global infrastructure and services are pivotal in laying the groundwork for public sector digital assets.
However, these decisions require careful consideration by public sector chief information officers (CIOs), their teams, policymakers, and through appropriate procurement processes. To aid in this decision-making, AWS has partnered with the industry analyst firm, Constellation Research, to produce a new research report titled “The CIO Imperative for Digital Assets in the Public Sector.” This report delves into essential topics that will equip CIOs and their teams for this significant transition. It serves as a valuable resource for leaders preparing for one of the most substantial transformations in the public sector in the last fifty years.
We invite you to join us on this path, engage in critical discussions, and contribute to the dialogue as the public sector embraces these new opportunities, with innovation in the cloud at the forefront of making prudent and secure choices ahead. For further engagement, consider networking within your community; you can find helpful tips on networking in this blog post.
Download “The CIO Imperative for Digital Assets in the Public Sector” now.
Learn more about AWS GovCloud (US).
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About the Author
Emily Jackson
Emily is the global head for financial innovation and digital assets at Amazon Web Services (AWS) and oversees AWS Global Executive Relations. She collaborates with U.S. and international governments on cloud computing and responsible technology innovation. In 2023, she was appointed to represent Amazon on the U.S. Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee. Emily has previously held senior roles in two presidential administrations and under three Treasury Secretaries.
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