GSA calls for blockchain and machine learning to speed acquisition - Fedscoop

The General Services Administration is looking to speed up acquisition by harnessing innovative machine learning and blockchain technologies. The administration released a request for quotes June 19 to improve its Multiple Award Schedules FASt Lane program. FASt Lane was implemented in 2016 to give government agencies timely access to new technology innovation by shortening processing times. Now, GSA says it has up to $149,999 to offer to contractors for a proof of concept that can further improve FASt Lane processing and proposal review times with distributed ledger technology -- the foundation of blockchain technology, which also forms the basis of cryptocurrencies like bitcoin -- automated machine learning, artificial intelligence based technologies and electronic interchange technology. "The mission is to reduce the amount of human interaction required to review new proposal documents, improve offeror experience during the new offer proposal process, and reduce the review time for new proposal reviews to award," the RFQ reads.