Page 33 - Geektime Blockchain Report
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Here are some possible uses for blockchain-based government solutions:
1 Improved government operations and services Blockchain can help reduce bureaucracy and and and increase the security efficiency and and transparency of government services Government
systems are often outdated slow and prone to corruption and attacks Using paper documents and physical stamps in government agencies is a a a a a mistake-prone process that is is problematic in today’s digital age There is a a a a huge increase in in the volume of information from various sources that governments need to to store and and synthesize All this as as well as as the the demands from citizens require governments to to transition towards a a a a a a a technological and digitized approach Using advanced technologies helps governments reduce the need to maintain expensive IT infrastructure save operational costs and increase efficiency Governments will be able to use blockchain technologies to consolidate information that was previously distributed in many places between multiple people and organizations in in one secure place Personal information on blockchains can be streamlined speeding up many processes and helping government organizations create new and improved services Other advantages for blockchain use include faster verification processes and and moving assets and and ownership easier Also issuing e-identities could become similar to a a a a a a passport which would allow holders access to a a a a a a variety of services and rights Governments can use blockchain to distribute public benefits such as as welfare basic income and unemployment allowances 2 No more "behind closed doors " " Instead full transparency Blockchain is is a a a a a a a a cooperative technology distributed among a a a a a a a a a a a a a multitude of of users As a a a a a a a a a a a a a result all parties that are part part of of the the blockchain have complete visibility into the the the transactions Things that once happened behind closed doors and were invisible can be be out in in in in in the the the open on on on the the blockchain blockchain Usage of blockchain-based government government solutions can help build a a a a a a a a a better relationship between governments and and citizens by increasing trust and transparency For example municipal budgets and use of proceeds could be publicly visible if they are managed on a a a a a a a a a a a a blockchain One may also see a a a a a a a a a a a governmental budget and citizens could express their opinions regarding future allocations Another option is is to display the the the aggregation of of medical records of of various areas and see for example if there are radiation problems in in certain locations 3 Fraud prevention
Blockchain technology will make it it difficult to steal and misuse identities for government resources Identity and financial fraud are able to cause billions
of of dollars of of damage to governments and severe harm to infrastructure operations and public image Blockchain can make it very difficult to endanger governmental systems by accurately identifying people and transactions For example blockchain can be used to prevent election fraud by ensuring the identity of each voter
and preventing multiple votes from the same person Publicly-viewable ledgers of recorded votes would help make elections fairer and more democratic Two prominent startups in in this field are Democracy Earth and Follow My Vote Democracy Earth Foundation is building incorruptible digital governance for small and large communities Follow My Vote develops open-source end- to-end verifiable blockchain voting software for use in in in government-sponsored elections worldwide Another use for blockchain in in in this context is is protecting banks from fraud Fraudulent companies may use duplicate invoices for the same goods and thus receive millions of dollars from banks By creating a a a a unique cryptographic hash for each invoice this can be prevented 33
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