Michelle Ngoc

It’s 2019, and the Blockchain technology is around for quite a while: it’s time for lawmakers to start developing and sorting out the global legal framework. What challenges are there to solve, what steps to take?

From the Markets and Markets research, blockchain market at government sector is forecasted to increase from $162.0 Million in 2018, to $3,458.8 Million until 2023. Besides, CAGR will be recording 84,5%. Blockchain interest will be driven with transparent and secure data management advantages. Digital transformation is key part of next government attention, and data control is also growing space. Saving voter rights and their advocacy in confidences, is primary adaption with blockchain feature and managing proper pipeline with them. In West Virginia case, blockchain and mobile voting is not perfect system, and reconsider options to gain the benefit by replacing traditional models.

This also means that the first company that enables 5G in multiple real-life scenarios and commercial situations will not only lead the industry and help set up standards, but will also have increased bargaining power that it can use to negotiate with world governments and other powerful parties on the uses 5G as well as all derivative services built on it.