Blockchain in Government
The below map shows that there are a minimum of 202 government blockchain initiatives in atleast 45 countries globally
Blockchain technology has tremendous potential to enhance the productivty of the governments and public sectors. The modern day challenges demand a more improved ecosystem for agencies with greater performance, transparency, accountability and cost minimization. Blockchain would act as a tremendous game changer for the government and semi government agencies.
The Governments across the world are fast realizing that blockchain has the capacity to lay the foundation of a modern 21st century society which offers an architecture with maximum flexibility, security for high performance government functions. Blockchain driven government agencies offer a promising solution to the citizens of the country
Generating the trust factor with the Citizens
Securing Vital Data & Information
Minimizing Cost & Enhancing Efficiency
Minimizing the chances of corruption
The below map shows that there are a minimum of 202 government blockchain initiatives in atleast 45 countries globally
Of these 202 cases, several key use cases are beginning to emerge.
| Rank | Type of project (count) |
|---|---|
| 1 | Strategy/Research (42) |
| 2 | Identity (Credentials/Licenses/Attestations) (25) |
| 3 | Personal Records (Health, Financial, etc.) (25) |
| 4 | Economic Development (24) |
| 5 | Financial Services/Market Infrastructure (20) |
| 6 | Land Title Registry (19) |
| 7 | Digital Currency (Central Bank Issued) (18) |
| 8 | Benefits/Entitlements (13) |
| 9 | Compliance/Reporting (12) |
| 10 | Research/Standards (12) |
