Governments Use Blockchain Too
In order to make our lives easier
In one of the previous pieces, we discussed how governments are slowly adopting blockchain technology.
And besides that, they create and develop legal frameworks that would regulate the way we use and develop blockchain technology.
We also emphasized the importance of the case into making a point that having governments recognizing blockchain as an important asset is actually a major push for blockchain.
Some would beg to differ, yes. Diversity is super cool — thinking that blockchain has no place in national and international governing: not so cool.
As an extension of the previous topic on how governments (and which governments) are using and adopting blockchain, we would like to create a small list of blockchain applications as used by different countries and their governing bodies.
Whether you believe that blockchain means anarchy or democracy, it’s still finding its way towards making our lives easier. Here’s how when it comes to blockchain application facilitated by different governments across the globe.
New Business Opportunities
Governments such as the US, UK, Switzerland, Malta, Finland, and other proponents of this foundational technology are already creating fertile soil for new businesses related to blockchain.
Blockchain-based startups have previously had a hard time even opening business accounts in national and local banks.
This was the case because banks didn’t recognize blockchain-based businesses as valuable, refusing to make blockchain startups into valuable clients (which they most certainly are).
Recognizing the developmental and monetary potential of such businesses and startups that as a consequence offer more jobs, that way supporting the economy in general, governments have made legal frameworks to encourage the development and growth of such business models.
New business opportunities — more job positions, more job positions — there is increased capital power, and increased capitalization means improved and backed economic growth. So, why not regulate blockchain to make it recognized as a valuable asset in the eyes of governments? No reason at all — at least not a logical one.
Improved Public Services
Looking beyond the general hype which revolved around blockchain, and still kind of does, governments also realized that distributed ledger technology can actually make our lives easier. Example: public services. With blockchain, access to public data and citizens’ records, public data becomes easier to access, but also safer and more secure thanks to the nature of distributed ledger technology.
By implementing blockchain into public services facilitated by governments and government bodies, users can finish the process of getting certifications, diplomas and other forms of personal documentation in a safe and prompt way. Waiting in line won’t be the factor contributing to the dullness of public services in blockchain, while new business opportunities and improved public service are just the beginning of blockchain implementation.
What do you think, which form of blockchain implementation will also be used by governments in the near future?
Voting powered by blockchain is probably one of more popularly tested applications.
