Blockchain is a decentralized technology, a global network of computers that jointly manage a database, that can be applied to run governments more efficiently by providing open access to records and better delivery of services.
A pilot project by the Cook County Recorder of Deeds, which stores real estate transactions and records, used blockchain technology to store massive amounts of data. With the data in the public domain, the blockchain database can eliminate the flow for paper from one party to another, allowing access from a personal computer.
The pilot program consolidates property information that has been spread across multiple government offices. By employing asymmetric key cryptography, unauthorized access will be difficult, protecting information from outside access.
The same blockchain technology can be used to streamline a myriad of government services.
Summarized from nasdaq.com.
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