Where is Blockchain in Government Headed?

Simply stated, blockchain is digital information (the block) stored in a public database (the chain). While its popularity has grown in recent years, government agencies are fine-tuning their use cases and picking their blockchain projects wisely.

When looking for a blockchain project it is necessary to evaluate certain factors to determine appropriateness. 1) Would the project work in a business environment? 2) Is the information appropriate to be shared? 3) How will success be measured? 4) Will the project overcome funding and regulatory issues? 5) How will success be measured?

For the right project there are significant benefits to blockchain technology when solving tactical issues but an agency must be certain of the value before embarking on the project development.

Summarized from MeriTalk

Leave a Reply