Blockchain in Government: A Comprehensive Analysis

There is no surprise that blockchain is implemented in Government. As Blockchain aids the government to gain people’s trust, protect data and lower their costs. It makes the government function more efficiently, speedily, and trustworthy. The Blockchain-based government leads to transparency in every movement that people can know. This makes the government citizen-centric.

Challenges of Data Management in Government

More like larger organizations, the government also faces challenges to coordinate across various stakeholders. People expect the government to be more transparent, fair, and accountable. But achieving this will challenge the current data management system. The centralized servers used by the government could compromise data security and here transparency is difficult to implement. As a result, it enables inefficient, slow, and not visible operations from land registering to vote.

Here comes the dependency on blockchain technology. Blockchain uses distributed ledger technology(DLT) so the information is shared and visible. The security options in blockchain help the government to improve its data security.

Uses of Blockchain for Government

Creates Trust among its People

There may be people who don’t have trust in their government. But blockchain solves this problem with the feature of transparency. It allows people to view and at the same time verify the data. They can verify the claims that the government raises. Transparency in every action of the government builds automatic trust with its people.

Securing Sensitive Data

The sensitive data of the government become the target for hackers to intrude and alter or forge. Data breaches in the government sector lead to less trust in people in their government. But blockchain creates a system that is secure and tamper-proof that allows the government to safeguard their sensitive data from attackers. It makes the system unhackable by providing various security measures.

Decrease in Cost and Increase in Efficiency

Government agencies must need to meet their mission or serve the public services even if there is a lack of resources. Blockchain can help in this situation with budget and finance management. The consensus algorithm is used to monitor and reconcile transactions. It reduces the amount and increases efficiency.

E-Voting

Blockchain can be used in the voting process. Cheating in electronic voting happens around this digital world. But blockchain-based voting is decentralized, transparent, encrypted, and immutable. So there is no chance for fraud in the voting results thus providing reliability in the process.