The administration of United States President Joe Biden released a national standards strategy for critical and emerging technologies on May 4. The strategy stated that the United States would prioritize standards development in eight areas. Among the prioritized areas are “digital identity infrastructure and distributed ledger technologies, which increasingly affect a range of key economic sectors.” 

“Distributed ledger” is a synonym for blockchain. Digital identity is “the unique representation of a subject engaged in an online transaction”.  One obvious use of digital identity in economic sectors is Know Your Customer and Anti-Money Laundering (KYC/AML), where blockchain solutions are being actively developed as regulators and enforcement agencies demand greater AML compliance in the United States and around the worldin the crypto industry.