PNNL

Abstract

In 2016, the Office of International Nuclear Safeguards at the National Nuclear Security Administration (NNSA) within the Department of Energy (DOE) commissioned the Pacific Northwest National Laboratory (PNNL) to explore the potential implications of the digital currency bitcoin and its underlying technologies on the safeguards system. The authors found that one category of technologies referred to as Shared Ledger Technology (SLT) offers a spectrum of benefits to the safeguards system. While further research is needed to validate assumptions and findings in the paper, preliminary analysis suggests that both the International Atomic Energy Agency (IAEA) and Member States can use SLT to promote efficient, effective, accurate, and timely reporting, and increase transparency in the safeguards system without sacrificing confidentiality of safeguards data. This increased transparency and involvement of Member States in certain safeguards transactions could lead to increased trust and cooperation among States and the public, which generates a number of benefits. This paper describes these benefits and the analytical framework for assessing SLT applications for specific safeguards problems. The paper will also describe other national security areas where SLT could provide benefits.