Blockchain For Government
Blockchain technology offers a whole world of possibilities for Government systems.
Not only can it make tasks faster, it can also be an aid in fighting corruption.
How can it do tall that you ask?
Let’s find out . . .
The word “trustless” doesn’t mean that it’s untrustworthy, rather the opposite.
With Blockchain, tasks such as money transactions (eg. Pension) can be automated using smart contracts.
Once a smart contract is implemented, no “middle men” can tamper with it.
This allows for a completely hands-free and seamless operation, eliminating the need for “trust.”
Transparency with Privacy
-The information once stored on the blockchain database can never be tampered with, and it will be available whenever needed.
-You can store the public information on a public blockchain ledger that everyone can access (such as criminal records, employment records).
-Sensitive information (such as medical records) can be stored on a private distributed ledger, making it available to specified persons only.
-This way, the government can access and keep the information they need for providing services to the citizens, while ensuring their privacy.
-Blockchain for government and public services add extra layers of security that keep hackers away from the data.
-When you use a distributed ledger for storing your data, on a protected network, it becomes extremely difficult for hackers to get into the system.
-Blockchain is made up of multiple blocks, each block is connected to all the other blocks, and each block has the cryptographic hash of the block before it.
-For a hacker to access the system, they would need to change the data on a block as well as the data on every other block, to avoid detection.
-Each entity that makes a transaction in the block gets a private key assigned to the transactions they make.
-When a hacker tries to make any changes to the data on a block, this key becomes invalid and the peer connection is notified instantly.
-There is no single point of weakness, the data itself is stored on multiple databases and not on a single server, making hacking practically impossible
-Blockchain technology protects your data, not only from hackers but from everyone, making falsifying of data practically impossible.
-You can use authentication to choose who gets the data, while maintaining transparency by making relevant data available to the public.
-The immutable storage keeps data intact, and citizens can easily view and verify data using a Blockchainbased explorer.
-What you see is literally what you get.
-In the era of ballots, security was a major concern and Ballot boxes were guarded with high levels of security to ensure that the votes were not forged.
-Now, this process is done with the help of electronic devices, but the problem here is that electronic devices can be easily tampered with.
-There have been several reports of voters clicking on one candidate’s button and the vote being cast for the other candidate.
-Blockchain can eliminate this completely by ensuring that each vote cast is authentic, and the immutable storage makes sure that the data is not lost.
In A Nutshell
If Implemented, Blockchain technology has the potential to change the way our system operates, forever.
A change that maximizes efficiency while safe guarding privacy and countering corruption.