{"id":1046,"date":"2016-09-05T15:11:00","date_gmt":"2016-09-05T15:11:00","guid":{"rendered":"https:\/\/blog.holytransaction.com\/2016\/09\/why-governments-should-embrace-the-blockchain.html"},"modified":"2022-12-27T00:26:08","modified_gmt":"2022-12-26T22:26:08","slug":"why-governments-should-embrace-the-blockchain","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html","title":{"rendered":"Why governments should embrace the Blockchain"},"content":{"rendered":"<div style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s1600\/business-meeting-1239197.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"governmentsshouldembracetheblockchain.jpeg\" src=\"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg\" alt=\"governments_should_embrace_the_blockchain\" width=\"400\" height=\"300\" border=\"0\" \/><\/a><\/div>\n<div style=\"text-align: justify;\"><b>\u00a0<\/b><\/div>\n<div style=\"text-align: justify;\"><b>William Mougayar<\/b>, author of &#8220;The Business Blockchain&#8221; and member of the <b>Ethereum Foundation<\/b>, explains why governments should embrace the blockchain.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A few days ago we published an article where <a href=\"https:\/\/holytransaction.com\/blog\/2016\/08\/why-banks-must-adopt-digital-currency.html\">ICAP suggested on why banks must adopt digital currencies<\/a>; today we want to talk about this new important opinion by Mougayar, who is convinced that the distributed ledger could improve government services.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">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.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">During this year several cities and governmental institutions made their own plans for the ledger.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><a href=\"https:\/\/holytransaction.com\/blog\/?s=singapore&amp;submit=Search\">Singapore<\/a>, Delaware, <a href=\"https:\/\/holytransaction.com\/blog\/?s=estonia&amp;submit=Search\">Estonia<\/a>, Georgia, <a href=\"https:\/\/holytransaction.com\/blog\/?s=ghana&amp;submit=Search\">Ghana<\/a>, <a href=\"https:\/\/holytransaction.com\/blog\/?s=sweden&amp;submit=Search\">Sweden<\/a>, <a href=\"https:\/\/holytransaction.com\/blog\/2016\/05\/switzerland-to-accept-bitcoin-for.html\">Switzerland<\/a>, <a href=\"https:\/\/holytransaction.com\/blog\/2016\/08\/the-fca-wants-to-approve-blockchain-startups-in-england.html\">UK<\/a> are just a few of many countries that developed a project related to the blockchain.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">So, if your government is not working on the blockchain, they should, explained Mougayar.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">As the blockchain is an early stage technology, it is easier to implement solutions at smaller scales.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<h3 style=\"text-align: justify;\">How governments should embrace the Blockchain<\/h3>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">What can your government do with the blockchain? There are four main areas:<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\n<ol>\n<li><b>Verification<\/b>: licenses, proofs of records, transactions, processes or events.<\/li>\n<li><b>Movement of assets.<\/b> E.g. Transferring money from one person\/entity to another.<\/li>\n<li><b>Ownerships<\/b>: the blockchain is a perfect ledger to custody any asset.<\/li>\n<li>Blockchain can be used to give <b>e-identities<\/b> to its citizens, enabling a safer kind of voting.<\/li>\n<\/ol>\n<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">So, <b>government leaders<\/b> should:<\/div>\n<div style=\"text-align: justify;\">\n<ol>\n<li>Study the blockchain and explore its potential.<\/li>\n<li>Let people develop a blockchain strategy.<\/li>\n<li>Start experimenting with blockchain technology<\/li>\n<li>Develop new ideas to improve the quality of life of the citizens<\/li>\n<\/ol>\n<\/div>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>\u00a0 William Mougayar, author of &#8220;The Business Blockchain&#8221; 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 [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,271,303,308,343,446,616,618,649],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why governments should embrace the Blockchain -<\/title>\n<meta name=\"description\" content=\"William Mougayar, author of \u201cThe Business Blockchain\u201d and member of the Ethereum Foundation, explains why governments should embrace the blockchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why governments should embrace the Blockchain\" \/>\n<meta property=\"og:description\" content=\"William Mougayar, author of \u201cThe Business Blockchain\u201d and member of the Ethereum Foundation, explains why governments should embrace the blockchain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-05T15:11:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-26T22:26:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg\" \/>\n<meta name=\"author\" content=\"Satoshi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/holytransaction\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Satoshi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html\",\"name\":\"Why governments should embrace the Blockchain -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#primaryimage\"},\"image\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg\",\"datePublished\":\"2016-09-05T15:11:00+00:00\",\"dateModified\":\"2022-12-26T22:26:08+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\"},\"description\":\"William Mougayar, author of \u201cThe Business Blockchain\u201d and member of the Ethereum Foundation, explains why governments should embrace the blockchain.\",\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#primaryimage\",\"url\":\"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg\",\"contentUrl\":\"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why governments should embrace the Blockchain\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction&#039;s Blog - Your crypto blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/holytransaction.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\",\"name\":\"Satoshi\",\"sameAs\":[\"https:\/\/holytransaction.com\",\"https:\/\/facebook.com\/holytransaction\",\"https:\/\/twitter.com\/https:\/\/twitter.com\/holytransaction\"],\"url\":\"https:\/\/holytransaction.com\/blog\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why governments should embrace the Blockchain -","description":"William Mougayar, author of \u201cThe Business Blockchain\u201d and member of the Ethereum Foundation, explains why governments should embrace the blockchain.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html","og_locale":"en_US","og_type":"article","og_title":"Why governments should embrace the Blockchain","og_description":"William Mougayar, author of \u201cThe Business Blockchain\u201d and member of the Ethereum Foundation, explains why governments should embrace the blockchain.","og_url":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html","article_publisher":"https:\/\/facebook.com\/holytransaction","article_author":"https:\/\/facebook.com\/holytransaction","article_published_time":"2016-09-05T15:11:00+00:00","article_modified_time":"2022-12-26T22:26:08+00:00","og_image":[{"url":"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg"}],"author":"Satoshi","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/holytransaction","twitter_site":"@holytransaction","twitter_misc":{"Written by":"Satoshi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html","url":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html","name":"Why governments should embrace the Blockchain -","isPartOf":{"@id":"https:\/\/holytransaction.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#primaryimage"},"image":{"@id":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#primaryimage"},"thumbnailUrl":"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg","datePublished":"2016-09-05T15:11:00+00:00","dateModified":"2022-12-26T22:26:08+00:00","author":{"@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69"},"description":"William Mougayar, author of \u201cThe Business Blockchain\u201d and member of the Ethereum Foundation, explains why governments should embrace the blockchain.","breadcrumb":{"@id":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#primaryimage","url":"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg","contentUrl":"https:\/\/4.bp.blogspot.com\/-lSt1x8BwD_g\/V7x4KimH7bI\/AAAAAAAAAt0\/Tgz6bRKcexEx62YEkB4qXWCQ6acXq-mbwCPcB\/s400\/business-meeting-1239197.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/holytransaction.com\/blog\/2016\/09\/why-governments-should-embrace-the-blockchain.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/holytransaction.com\/blog"},{"@type":"ListItem","position":2,"name":"Why governments should embrace the Blockchain"}]},{"@type":"WebSite","@id":"https:\/\/holytransaction.com\/blog\/#website","url":"https:\/\/holytransaction.com\/blog\/","name":"","description":"HolyTransaction&#039;s Blog - Your crypto blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/holytransaction.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69","name":"Satoshi","sameAs":["https:\/\/holytransaction.com","https:\/\/facebook.com\/holytransaction","https:\/\/twitter.com\/https:\/\/twitter.com\/holytransaction"],"url":"https:\/\/holytransaction.com\/blog\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1046"}],"collection":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/comments?post=1046"}],"version-history":[{"count":3,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1046\/revisions"}],"predecessor-version":[{"id":4979,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/posts\/1046\/revisions\/4979"}],"wp:attachment":[{"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/media?parent=1046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/categories?post=1046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/holytransaction.com\/blog\/wp-json\/wp\/v2\/tags?post=1046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}