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Why governments should embrace the Blockchain

governments_should_embrace_the_blockchain

William Mougayar, author of “The Business Blockchain” and member of the Ethereum Foundation, explains why governments should embrace the blockchain. 
A few days ago we published an article where ICAP suggested on why banks must adopt digital currencies; today we want to talk about this new important opinion by Mougayar, who is convinced that the distributed ledger could improve government services.
Government services, in fact, are one of the most important and revolutionary use cases for this technology , so it is not a surprise that governments are working to develop their own blockchain-based applications. 
During this year several cities and governmental institutions made their own plans for the ledger.
Singapore, Delaware, Estonia, Georgia, Ghana, Sweden, Switzerland, UK are just a few of many countries that developed a project related to the blockchain. 
So, if your government is not working on the blockchain, they should, explained Mougayar. 
As the blockchain is an early stage technology, it is easier to implement solutions at smaller scales.

How governments should embrace the Blockchain

What can your government do with the blockchain? There are four main areas:
  1. Verification: licenses, proofs of records, transactions, processes or events. 
  2. Movement of assets. E.g. Transferring money from one person/entity to another.
  3. Ownerships: the blockchain is a perfect ledger to custody any asset.
  4. Blockchain can be used to give e-identities to its citizens, enabling a safer kind of voting. 
So, government leaders should:
  1. Study the blockchain and explore its potential.
  2. Let people develop a blockchain strategy. 
  3. Start experimenting with blockchain technology
  4. Develop new ideas to improve the quality of life of the citizens

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