Post
Topic
Board Economics
Re: World Governments Are Probably More Enthusiastic About Blockchain Than Perceived
by
kevoh
on 21/06/2018, 09:04:46 UTC
They won`t be so enthusiastic,when they find out how much it will cost to implement the blockchain technologies and much electricity will be consumed.Again,the only one,who is going to make the big profits from this treand will be the big online corporations.The tax payers will be ripped off again. Sad
I doubt if electricity is going to be much of an issue. Blockchain technology offers a lot of use cases to the government in the areas of Healthcare, Voting, Identity Management systems e.t.c A country like the U.A.E (Dubai) for example, being a tourist destination, is planning to use Blockchain technology to cut down large chunk of manhours usually used in processing over millions of documents annually. This could save them about 5.5 billion Dirhams annualy! Source: https://smartdubai.ae/en/Initiatives/Pages/DubaiBlockchainStrategy.aspx

In other words, the advantages gained through proper usage of the Blockchain technology by the government outweighs the issue of electricity usage.