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Technology can announce a new era in the effective implementation of national programs
December
10, 2018
4 minutes of reading
Opinions expressed by Business owner the contributors are theirs
At the beginning of the week, Swisscom and Swiss Post, respectively the Swiss government and postal service providers, announced the launch of a 100% Swiss infrastructure for blockchain networks. The aim of the initiative is to provide end-to-end blockchain services for Swiss citizens and businesses, ranging from consulting, to development, to project management, to the infrastructure, up to blockchain-as -a-service (BaaS). The service also includes an academy to teach blockchain. A healthy package to promote the adoption of blockchain in the country.
Switzerland is not the first country to offer a national blockchain program. Australia, Malta, Cyprus, United Arab Emirates, Ireland, Russia, Brazil, China and India, to name a few, have announced a series of programs.
Some countries, such as India, have adopted a dichotomous approach to cryptocurrency and blockchain. The Central Bank of India (RBI) is still "assessing" the legality of cryptocurrencies, such as bitcoin, while mulling over its version, the Laxmi currency. In contrast, the central government in charge, led by Prime Minister Narendra Modi, and various state-run state technology governments such as Maharashtra, Andhra Pradesh and Karnataka, clung to the blockchain wagon.
Do not be afraid anymore
Blockchain is now appearing in the nation's strategies, legislator jargon and think-tank sessions agenda. Governments seem to have begun the process of appearing outside the psychosis of fear of cryptocurrencies. The nations that separate the cryptocurrency and the blockchain agenda are a progressive sign of maturity, a positive sign for the citizens and the affairs of the country.
When creating a national blockchain framework, nations would do better to keep the interests of the four critical sectors in mind.
Government to Citizen (G2C)
G2C is a mature sector for interruptions. Citizens, in general, have lost confidence in services rendered by governments. In countries where corruption and inefficiencies dominate power, and transparency is relegated to political talks and mission statements, the blockchain has the potential to restore confidence in the mechanisms of government.
By building an immutable layer of transparency and accountability and making citizens watchdogs for the provision of government services, blockchain can announce a new era in the effective implementation of national programs.
Many initiatives in the G2C sector are under way. Some of them are:
- Real estate registers and properties
- Subsidies and distribution of benefits
- Various services of public offices and public works
- Voting and national identity
Government to Business (G2B)
Business and government have a love-hate relationship. It can not be supported without the support of the other. Political funds, unscrupulous permits and taxes have often led to the end of both. The growing cry of transparency, in the lobbying on the backdoor, does not even make them good. Many legitimate businesses (and even governments) suffer from politics in commercial transactions.
While the need for honest and transparent governance can remain a utopian dream, small steps in improving fundamental mechanisms could go a long way in stimulating the economic prospects for the nation.
In an effort to remain competitive and relevant, governments and businesses are exploring blockchain for a variety of applications:
- Streamlining and simplification of company records
- Collection of taxes and fees
- Procurement and supply chain
- Protection of intellectual property and author rights
Business to Consumer (B2C)
Consumers are a worried lot. The recent wave of security breaches on their data, poor quality of service and personal details shone without the consensus that led them to search for viable alternatives. Blockchain is an opportunity for businesses to regain people's trust. In addition to cryptocurrencies, companies can take advantage of blockchain technology to offer a variety of new and safe services for consumers. Some of them are:
- Logistics monitoring and supply chain security
- Food security
- Utility services
- Games
Business to Business (B2B)
Companies depend on one another to build products and meet the needs of a service. What begins as a Platonic relationship takes little time to turn into quarrels and, in extreme cases, ends up in court battles. Violation of trust, non-adherence to commitments and lack of "a vision of truth" are the usual culprits that lead to controversy. Using blockchain technology for cross-business transactions, companies have a lot to offer. Blockchain projects active in the B2B space are popping up regularly, to help with:
- Sharing data and visibility in real time
- Company supply chain and smart contracts
- Transaction and revenue settlements
2019 will be a key year for suppliers and users of the blockchain ecosystem. The first results of the pilots and the tests will begin to flow. It is hoped that the technological failures of blockchain technology will be addressed, such as scalability and performance. Both the 2019 also the year in which nations and businesses overcome their fear of the blockchain and begin to explore.
