Governments That are Already Using Blockchain Technology

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Governments That are Already Using Blockchain
Technology The strong functionality of the
blockchain technology has caught the eyes of
different governments all over the world.
However, few said that blockchain is good while
cryptos are bad and for that number of
countries have either banned or introduced strict
crypto regulation.
Many countries studying the potential of
blockchain-based applications and started
research and development for better
utilization. Today we are discussing governments
who have already adopted blockchain technology
for improved future. Healthcare, national
identity management systems, voting, tax and
internal audit, banking services are some of the
important areas where blockchain technology can
help. Lets check the list of governments using
blockchain around the world Estonia The
government of European nation of Estonia was
among the first to adopt blockchain technology in
2008. After research, from 2012 they began to
put blockchain technology in a number of
government tasks. They first use it in the
countrys registry database across several
sectors such as health, legislative, security,
and the judiciary. They also created a national
identity management system to reduce
bureaucratic red-tape and improve the quality of
service delivery to the citizen.
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Dubai Dubai government is working on a city-wide
blockchain project to streamline identity
verification to reduce registration time by
digitizing tracking citizens health
records, contracts, and wills among other
assets. Dubai government also started with fully
paperless transaction system which is hosted
entirely on the blockchain, this will save both
manpower and billions of money, offering
error-free complete task. United States States
like Illinois in the US have gladly accepted
blockchain as a state weapon and
recently launched a series of the proposed birth
registry and identification system. The aim is
the individualization and enhanced security
identities. It is the result of the collaboration
between Illinois state government and a big tech
company. On the national level US government is
trying to work in the area of national security.
Besides this, they want to use blockchain in
exchanging encrypted intelligence information
without the threat of hacking. Gibraltar The
government of Gibraltar started with blockchain
in fintech. They launched financial services
license for blockchain operation. It is one of
the first to approve a blockchain Exchange. It
is a subsidiary of the states exchange
framework. Well, these are just a few use case of
the blockchain technology development from
around the world. Blockchain technology is here
to stay and it is almost ready for government,
now the government have to use it for a smart
future. The emergence of blockchain accelerated
different IT companies to come up with
blockchain- based application development. We
are one of the leading companies in India working
on the latest technology. Get in touch for more
information.
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