Blockchain for Local Government

Blockchain is one of the most innovative technologies considered in digital government strategies. Its benefits include

• Efficiency gains in any inter-governmental and public-private information exchanges and monetary transaction.
• Reduction of bureaucracy and associated improvement in transparency and accountability in civic services.

At the same time, blockchain for government use is still nascent in its implementation with persisting challenges in the areas of security, scalability, interoperability and efficiency. Some of these do overlap with other emerging technologies as well. Nevertheless, there is already a vibrant ecosystem of technology vendors. Both established companies as well as aspiring start-ups that are offering commercial solutions and are serving as innovation partners to governments and potential enterprise-adopters.

 

Interested in blockchain? Check out this GovWhitePapers blog post! You can also find events on blockchain on our sister site, GovEvents.