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Governments That are Already Using Blockchain Technology

The strong functionality of the blockchain technology has caught the eyes of different governments all over the world. However, few said that “blockchain is good while cryptos are bad” and for that number of countries have either banned or introduced strict crypto regulation.<br><br>

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Governments That are Already Using Blockchain Technology

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  1. visit :www.sphinx-solution.com Call :+91-020-26434646 Governments That are Already Using BlockchainTechnology The strong functionality of the blockchain technologyhas caught the eyes ofdifferent governmentsallovertheworld.However,fewsaidthat“blockchainisgoodwhilecryptosare bad” and for that number of countries have either banned or introduced strict crypto regulation. Manycountriesstudyingthepotentialofblockchain-basedapplications andstartedresearch and development for betterutilization. Today we are discussing governments who have already adopted blockchain technologyfor improved future. Healthcare, national identitymanagement systems, voting, tax and internal audit, banking services are some of the important areas where blockchain technology can help. Let’scheckthelistofgovernmentsusingblockchainaroundtheworld: Estonia Thegovernmentof Europeannationof Estoniawas amongthefirstto adoptblockchaintechnologyin2008.After research,from2012they began to putblockchaintechnologyinanumberofgovernmenttasks. Theyfirstuseitinthecountry’sregistry database acrossseveralsectorssuchas health, legislative, security, and the judiciary. They also created a national identity managementsystemtoreducebureaucraticred-tapeand improvethequalityofservice delivery to thecitizen.

  2. Dubai Dubai government is working on a city-wide blockchain project to streamline identity verificationtoreduceregistrationtimebydigitizing&trackingcitizen’shealthrecords, contracts, and wills among otherassets. Dubaigovernmentalsostartedwithfullypaperlesstransactionsystemwhichis hostedentirelyontheblockchain,thiswillsavebothmanpowerandbillionsofmoney, offering error-free completetask. UnitedStates States like Illinois in the US have gladly accepted blockchain as a state weapon andrecently launched a series of the proposed birth registry and identification system. The aim is the individualizationandenhancedsecurityidentities.It istheresultofthecollaborationbetween Illinois state government and a big techcompany. OnthenationallevelUSgovernmentis tryingtoworkintheareaofnationalsecurity.Besides this,theywanttouseblockchaininexchangingencryptedintelligenceinformationwithout the threat ofhacking. Gibraltar ThegovernmentofGibraltarstartedwithblockchaininfintech.They launchedfinancialservices license for blockchainoperation.It isoneofthefirsttoapprove a blockchain Exchange. It is a subsidiary of the state’s exchangeframework. Well,thesearejustafewusecaseoftheblockchaintechnologydevelopmentfromaround theworld.Blockchaintechnologyis heretostayanditis almostreadyforgovernment,now thegovernment havetouseitforasmartfuture. The emergence of blockchain accelerated different IT companies to come up withblockchain- basedapplicationdevelopment.We areoneoftheleadingcompaniesinIndiaworkingonthe latesttechnology.Getintouchformoreinformation.

  3. USA :+1 732-947-4310 | UK : +964 07717777 916 | Malaysia:+6017-2126274 IRAQ : +964 0771 7777 916 | BRAZIL : +55 21 2258-7260 | INDIA :+91-020-26434646 https://www.sphinx-solution.com Copyright© 2018 Sphinx Solutions Pvt Ltd. All rightsreserved.

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