Home / Blockchain / What are the governmental applications of blockchain worldwide? – Irish Tech News

What are the governmental applications of blockchain worldwide? – Irish Tech News

by Eloisa Marchesoni

Using the blockchain technology for the development of a new public administration, this is a chance that both governments and public institutions will not want to miss out on. From the protection of the government itself to the protection of the government.

Let's go through the most impressive applicative examples that can be right around the world, starting from Estonia.
Estonia uses the "Keyless Signature Infrastructure" (KSI) system since 2012. It is a variant of the blockchain, which grows on a linear scale related to time, rather than the number of transactions. Estonia's digital infrastructure began to develop with electronic tax registration in 2000, and it has been translated into a system that manages the country's population register, electronic ID cards, Internet voting and the medical records. In fact, Estonia has now implemented a program that allows anyone in the world to apply for 'digital citizenship' (eResidency) in the Baltic country. Digitally signed with digital keyring, digitally signed, digitally signed, digitally signed. An "e-resident" can also open a bank account and online company in Estonia.

In the US state of Delaware, Governor Jack Markell has announced the creation of two public blockchains in order to take care of such a maneuver. The first chain has been thought to publicize the state of the blockchain, while the second chain will be available to allow all businesses to be part of the blockchain.

The Singaporean government has now turned to blockchain. a very sophisticated method of automatic invoice duplication.

In Russia, blockchain technology is being applied to the securities deposit, while in Georgia, the same kind of application is being implemented for the sharing of the national public ledger,
I know how to show that the country is corruption-free.

28 different communities to attract foreign investors.
Sweden wants to create a blockchain for real estate purchase deals, to manage online the documental process once the contract is closed. This should be a platform open to banks, government agencies, intermediaries, buyers and sellers, enabling all parties interested in real time.

In South Korea, the government is pushing the banking sector for new projects based on blockchain.

The United Kingdom is examining the use of blockchain to manage scholarships. A blockchain, which is similar to the risk of potential abuse.

In conclusion, the best uses of blockchain technology from a governmental perspective are:

1. Licensing, transactions, proofs of delivery, of processes and of specific events.
Have they actually taken place? Have they been successful? Does this person have the license or permission to perform a given activity?

2. Asset movements
In particular, the transfer of money between individuals and entities.

3.Property issues
Verification of property registers on every kind of property. Blockchain is a suitable tool to account for the chain of custody of physical assets.

Governments and municipalities should create blockchains for the issuance and management of citizens' digital identities. Digital identity could, in such a way, really become very similar to a passport or identity card.

So, can you still see the future as being dominated by this technology? If not, just wait and see.

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