Blockchain Standards and GovernmentApplications

Abstract

Many people talk about blockchain but very few understand its true nature and potential. Blockchain seems very exciting yet simultaneously a bit confusing, and naturally many people, businesses, and governments approach it with high expectations while also exhibiting some hesitancy. This article will deal with the use of blockchain in relation to government applications. A proper assessment of such use requires a discussion on blockchain standards, which are currently developed, or may develop in the future. Without blockchain standards, any potential use of blockchain in government will be of limited and restricted value. This would render our discussion on government applications rather limited too. Standards enable us to appreciate blockchain applications in a useful way for future applications outside the context of government. Focusing our attention to government applications is deliberate. Blockchain, obviously, provides amazing opportunities for the private sector. Over the last years there has been widespread public disbelief in many public and government institutions. Corruption, fraud, lack of transparency, alienation and disconnection of citizen from decision-making centres oblige governments to change and offer proper governance conditions for their citizens. Further, higher consumer expectations in all sectors of the economy naturally affect the expectations of citizens vis-is their governments. For the above reasons, governments could leverage the positive features of blockchain to restore their reputation and efficiency towards citizens, by using blockchain. Of course, governments can use blockchain for many of their applications. To decide the proper application of blockchain within their operations, governments must embark on a need-based approach. Standards are extremely useful in such a need-based approach.