Blockchain To Run Futuristic Government Operations And Services

Blockchain Platform after having a successful run in facilitating Bitcoin and other digital cryptocurrency exchanges is now looking to take over the charge of running various government operations and services in the most transparent, secure and reliable manner and thus eliminating corruption from within its roots. Ghana, a country in West Africa has already incorporated the technology in Land Administration and Property Dispute Settlement space by making the citizens register their land disputes. The public record thus maintained regarding these disputes get stored in blockchains to address to later on. Also U.K., at present is testing the said technology in Tax Collection and Remittance Dispersal space to audit the country’s tax collections in a much feasible manner. It is quite evident that within the next ten odd years or so, it is going to grow huge and may entirely transform the way the Government Operations and Services work at present around the world. Blockchain App Development Services are evolving continuously with demand raising unprecedentedly with time.

UNDERSTANDING THE BASICS OF BLOCKCHAIN

Blockchain is basically a distributed database that manages the ever-growing list of records called Blocks. Each block contains highly secured and non-altering piece of information which once recorded cannot be changed even by its own creator. These blocks keep track of the exact time on which they get created and altering this time is not possible which provides security and trust to the said technology making its encryption more robust. Every block has a link to its previous block.

BLOCKCHAIN TECHNOLOGY MAY CONTRIBUTE TO E-VOTING IN THE NEXT PRESIDENTIAL ELECTIONS IN THE U.S.

The 58th Presidential Elections in U.S. just got accomplished and Donald Trump from Republican Party got elected as the new American President after defeating the immediate rival Hillary Clinton from Democratic Party. The gigantic and the most sought after elections in the World confirming the identity of the next most powerful man to reign over the world had also drawn the attention of US Government and the other democracies towards the use of Blockchain Technology to accomplish the mammoth task of conducting these type of vote-casting occasions by the general public of a country. By this way, the transparency and the credibility of the election process will also be boosted.

One big advantage of Blockchain Technology to be applied in elections is that, it will give the power of auditing the election results to the general public ensuring fair results and declaring the current trends in the real-time. Blockchain Development Services are also growing stronger than ever.

Other Big Democracies like India, China and Russia must be looking to incorporate this technique in future as the size of their population, democracy and constituencies are huge to manage with the present format of elections. However, these countries have not given any cue, hint or statements regarding this, but is surely expected from them within a next couple of years from now.

MAJOR ADVANTAGES OF BLOCKCHAIN TECHNOLOGY WHEN APPLIED TO THE GOVERNMENT SERVICES

• It ensures transactions to be most efficient, reliable, secure and transparent through its highly-encrypted and secured database.

• Blockchain records are open to all the members of a network and can be easily monitored and audited.

• Peer-to-peer cryptographic validation mechanism make these records highly secured.

• A record once added on Blockchain becomes permanent and cannot be tampered.

• Government can ensure digital identification of people, Electronic Health Records(EHR) can be maintained of govt employees in databases easily and tax-audits can be conducted efficiently.

• Corruption from government systems can be completely eliminated if, in the coming years Blockchain technology proves itself trustworthy in carrying out different govt. procedures successfully.

• Governments around the world are expected to get reinvented and revitalized in the next ten years with the use of Blockchain Technology.

THREE DIFFERENT PERSPECTIVES OF BLOCKCHAIN IN TRANSFORMING THE GOVT. OPERATIONS AND SERVICES

Here, I am going to discuss, in which all ways Government can make use of this technology to create an impact over its operations. Find the different perspectives explained below :

#1. GOVT-TO-CITIZEN (G2C)

In this regard, the potential applications could be transparent e-voting, patient-controlled Electronic Health Records and Digital Property Titles. For example in Ghana, the Land Administration Projects and related disputes are being controlled by using the land title tracking system based on the Blockchain Technology and there are plans to expand it around the whole African Continent in the near future because of its practicality and productivity.

#2. GOVT-TO-GOVT (G2G)

Because Blockchain provides with the shared ledger facility with minimal transaction latency, it would be very beneficial for governments to share and analyze data within its departments and with other Governments. In cases where Government need to maintain silos of Information, blockchain could prove to be a saviour in storing the information in its database as well as making information sharing easier by serving as the common transaction layer upon which agencies communicate.

Blockchain can also be used as an Analytics Tool to aid for quickly resolving identity issues, thereby helping Govt Banks and related agencies in providing user authentication. Intelligence agencies can make use of this technology to safeguard country’s interests and against terrorism thus protecting National Security. UK Government has already been in phase of testing the said technology for quite some time for tax collection measures.

#3. GOVT-TO-VENDOR (G2V)

Government can easily make use of Blockchain Technology in the procurement of different kind of military supplies and imports from different vendors available around the world . Apart from that, this technology can be applied in transacting with different countries with whom the country is involved in trade. Government is always involved in trade with different private agencies within the country for running various infrastructure and civic development work and hence Blockchain can provide the perfect platform for record-keeping and transacting.

Also Read : Blockchain And IoT To Make Delivery Drones Smarter

There is a belief among the intellectuals that this platform can transform the digital transaction space in the same way as the internet transformed the Information-Sharing space. We can hope for more private investment and new Startup ecosystem to evolve around this technology and upto a certain extent it has already evolved. The optimum utilisation of this technology can be achieved in fields of Corporate Registry, Tax collections and Audit, Regulating the Industrial Trade and transacting in procurement of different goods and services needed by the government agencies from time to time. Decentralized Blockchain Development will be boosted further in the days to come.