Blockchain use cases for the government

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Blockchain technology has proven to be highly ubiquitous, with a potential far beyond just digital currency. The concept of distributed ledgers to store and process data can help improve the legacy storage systems that governments and public sector companies use today.

It can remove the need for intermediaries in various processes to create a transparent, fast, and efficient system.Decentralisation also provides added security through a network of users that continuously monitor and verify data, ensuring there is no foul play or potential to be hacked. Therefore, governments worldwide can benefit immensely from blockchain technology especially as the public roar for blockchain and cryptocurrency adoption grows louder every day.The benefits of blockchain to governmentsLike any other organisation, governments are responsible for performing various tasks in a speedy and transparent manner.

The difference between the two is that, while organisations are only accountable to their shareholders, governments are accountable to a country and its people.Also Read: Explained: What is sharding and its role in blockchainsA nation's economic and social functioning rely completely on the government. Therefore, it is imperative that the people trust the authority that oversees these vital responsibilities.

However, trust within the government waxes and wanes with the political party that forms the government. This is why there is always a severe distrust between a certain section of the population and the government.Blockchains can bring much-needed transparency to the government, building trust with the public.

Regardless of the political party, a blockchain system can ensure that every government's action is visible. This will create