Post
Topic
Board Economics
Re: Will governments use Blockchain way beyond financial apps?
by
YOSHIE
on 24/09/2024, 13:20:42 UTC
Do you think governments will use Blockchain way beyond financial apps? If not, why?
My understanding is that the government continues to use Blockchain and the benefits that Blockchain technology brings to the public sector are very broad and beneficial.

What's more, Blockchain was specifically created to create public trust for the wider community and government, especially in accountability, security, timeliness, and in terms of transactions.

In my opinion, the advantages of Blockchain for the government are very useful, as I have read the advantages and reasons for the government to use Blockchain technology.
For example:
Quote
The Blockchain system has the potential to assist governments in addressing issues such as corruption, bureaucracy and accountability, given that government activities are often vulnerable to fraud, corruption and a lack of trust both between and within agencies.

For the reasons above, it is clear that Blockchain's usefulness for governments covers all sectors and makes assessments publicly transparent.