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)|
|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)|