While cryptocurrency is turned down by most of the governments and banks, blockchain has drawn attention due to its decentralized platform. The way blockchains secure the information is unique and safest in every manner. Alongwith small and large-scale organizations, blockchain government have also shown their proclivity towards this technology. This has spawned many blockchain-based projects which are being developed for governmental use.
Why does government need blockchain?
The reason is no different than that of private firms. Just like an organization, governments also need to secure their database and they even need a more robust framework as their operations involve national security and many other issues which could hamper the growth of a nation’s economy. Governments have face issues of data breach on various occasions and it is their utmost responsibility to save information which could be hacked through the other nations for various reasons.
Therefore, blockchains become a necessity for every government given the ambit of security and other functionalities that it provides. As it has been seen that centralized servers can be hacked easily and valuable information can be accessed, the implementation of blockchain has become a need of the hour for many governments. Many governments have even started implementing it accessing the significance of blockchain in the current scenario.
In many countries, governments have initiated blockchain-based projects in various domains such as Agriculture, Research & Development, Information Technology and Defense. These projects are focused on bringing transparency, eradicating corruption and expediting the processes of providing benefits to laymen. Government procedures have always been infamous for red-tapism and corrupt bureaucratic practices. Blockchain sets it correct by bringing in transparency and removing monopoly of a few officials.
Injecting Equality & Transparency
There is always a clandestine approach that government officials take when it comes to passing over the benefits to common people. There is a slew of procedures which noone gets a clarification and there have been numerous instances when tax payers’ money inordinately grubbed by the officials for their personal benefits. All these malpractices were patronized by the centralized authorities. Blockchain can put an end to all this and bring fairness to the system.
With a decentralized distributed ledger, blockchain for Government can streamline the process. Especially in the spheres where there’s a long chain of middlemen who get their share when something is supposed to reach grassroots intact. Sectors like agriculture, education and rural welfare can widely benefit with this technology. Blockchain can everyone on the same page in terms of authority and make information accessible every citizen.
Coin Developer India is a Blockchain Development Company and we have been providing blockchain-based services to organizations to every scale. We appreciate the great effort of governments to uplift this technology. We have been providing quintessential services to companies across the globe. Our aim is to enable the whole world with this technology and lead our globalized economy on a decentralized course.
