States can gain benefits from the use of blockchain in their governmental infrastructure, according to Cointelegraph. Storing sensitive public information while trying to maintain data privacy can be complex and sensitive, and blockchain can help with those sort of challenges. While centralised government systems are considered inefficient, costly, and insecure, governments around the world have been trying to seek technological solutions for improved public services which are cost effective. Reasons why governments should try to inculcate blockchain are mentioned below:
Blockchain prevents government corruption
Blockchain has the capability of eliminating intermediaries in many e-government services. It helps in record keeping and allows states to adopt a decentralised approach wherever necessary, for real-time transparency, auditability, and smart-contract functionality. Public information shared through blockchain adheres to the principles of being default, accessible,...
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