It’s not the first time I write about how governments around the world are looking at blockchain technology to improve services, secure transactions, and enhance security and trust. This trend is growing and is showing a great deal of attention from agencies around the world, both national and local, including at city level.
Blockchain is now a topic of discussion for politics with government officials interested in better understanding the dynamics of blockchain beyond Bitcoin and cryptocurrencies. And indeed, blockchain “has many applications for the public sector that can improve the quality of government services, safeguard property rights, prevent fraud, cut red tape and waste while improving transparency,” as Mohit Mamoria explained to Jorge Barba here on Medium.
According to Deloitte Gov, “blockchain’s influence in the public sector will be mostly behind the scenes. But the technology has the potential to bring security, efficiency, and speed to a wide range of services and processes.”
In February, for example, IBM Blockchain team surveyed 200 government leaders in 16 countries on their experience and expectations for blockchain.
The study — titled Building Trust in Government: Exploring the Potential of Blockchain — concluded that this technology offers the opportunity to tackle the trust and bureaucracy challenges head on. It found that a significant percentage of what they identified as ‘trailblazer’governments “are launching projects that apply blockchain to transform regulatory compliance, contract management, identity management and citizen services.” According to IBM, “Blockchain offers a new approach to enhancing transparency and collaboration between governments, business and citizens.”
Recently, the U.S. Department of State has launched the Global Engagement Center’s (GEC) Technology Series to look at di...