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Governments Adopt the Blockchain, To Improve Efficiency and Build Trust

Summary:
The Economist reports about government initiatives aimed at using blockchain technology in the public sector. Possible uses include land registries, identity-management systems, health-care records, or elections. Proponents expect the technology to improve efficiency and transparency and foster trust. Adoption requires significant investments. According to a survey “nine in ten government organisations say they plan to invest in blockchain technology to help manage financial transactions, assets, contracts and regulatory compliance by next year.” Sweden tests a blockchain-based land registry; Dubai’s government wants to completely shift to blockchain technology by 2020; Estonia stores health records and protects its shared government systems using blockchain-like technolog; Georgia’s

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The Economist reports about government initiatives aimed at using blockchain technology in the public sector.

  • Possible uses include land registries, identity-management systems, health-care records, or elections.
  • Proponents expect the technology to improve efficiency and transparency and foster trust.
  • Adoption requires significant investments.
  • According to a survey “nine in ten government organisations say they plan to invest in blockchain technology to help manage financial transactions, assets, contracts and regulatory compliance by next year.”
  • Sweden tests a blockchain-based land registry; Dubai’s government wants to completely shift to blockchain technology by 2020; Estonia stores health records and protects its shared government systems using blockchain-like technolog; Georgia’s land registry uses blockchain technology and has processed 160,000 transactions; Ukraine wants to become “one of the world’s leading blockchain nations,” not least to build trust between government and citizens.
Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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