Governments Approach Towards Blockchain

 Off late blockchain has been one of the most debated topics. It would not be an understatement to say that it has become inevitable.  The technology which was once confined to the use of crypto has now opened the floodgates for the plethora of applications.

Like every other technology, blockchain has its fair share of scrutinizing. What was considered to be alien is now becoming the need of the hour owing to the growth of cyber-attacks. There are a lot of governments that are starting to use blockchain. Here are some of them.

The United States Of America:

For many decades the US has always been at the forefront in many sectors. When it comes to technology, they have been the undisputed leader and also the ultimate authority. In January 2017, the FDA (Food and Drug Administration) signed a two-year contract with IBM to explore the use and application of blockchain in their department. The main aim of this deal is to address critical issues such as lack of transparency and data security. In June 2019, the Department of Homeland Security, DHS, has given a grant of 200,000 dollars to Factom. This is entirely dedicated to testing the images collected by the border cameras.

Dubai:

Dubai is one of the countries that has witnessed a drastic development in the recent past. From what it was and what it is, Dubai has come a long way in various aspects. The Dubai government is taking all the necessary steps to become the first government in the world to do all its transactions in blockchain. It is said that the Dubai government has already brought in departments such as license renewals, bill payment, visa application, and a lot more under blockchain technology. By doing them, they are saving more than a billion in document processing. Not just that, it also has a considerable impact on the environment by reducing CO2 emission.

Switzerland:

Switzerland was one of the world’s first countries to openly declare its support to blockchain. They have already started to accept crypto. They have partnered with Luxsoft, a software company and Lucerne University of Applied Science, for creating customized blockchain software for e-voting. The data is being handled in three different data centers giving it the state of the art security in every possible aspect. Luxoft is expected to open source the platform to promote the use of blockchain in other governments.

The European Union:

The EU has been going through a lot off late. In the blockchain front, there are a lot of interesting things that have turned up. The European Union Intellectual Property Office has recently said that counterfeiting is costing more than 50 billion Euros every year. They have decided to apply blockchain to battle it. In the future, we can expect a lot.

Uganda:

Uganda is definitely not the country that you will expect on this list. According to Uganda’s National Drug Authority, more than ten percent of the drugs in the country are fake. For drug verification processes and to fight counterfeit drugs, blockchain is being used. It is said the government of Uganda has partnered with MediConnect, a UK based blockchain startup.

Brazil:

After “Operation Car Wash” – one of the biggest corruption in history, the Brazilian state Bahi has taken immediate action by implementing blockchain to monitor public bidding on contracts.  Online Bid Solutions has now ensured security and transparency. So every transaction is an open book between the agricultural associations, cooperatives, workers, suppliers, and everyone associated in the process.

Singapore:

Singapore has always been at the forefront of adapting technology that comes by their way, and blockchain is not an exception.  The country is in the process of testing a system to tokenize the national currency. Project Ubin, which is a collaboration of the Monetary Authority of Singapore, banks association, and some tech companies to create a blockchain-based payment system.  In the near future, we will witness that Singapore will be a country that will be functioning on blockchain as its base for every operation.

China:

One of the biggest economies in the world has never had its doubt when it comes to blockchain. It has been working steadily to become a blockchain powerhouse and to lead the world in this sector. There have been numerous collaborations with private firms like Alibaba and Tencent.  Alibaba worked in the city of Changzhou by applying blockchain technology to secure healthcare data. Tencent has joined forces with the China Federation of Logistics and Purchasing to build a logistic blockchain platform. Cities all over the country are encouraging blockchain tech and devised programs to improve them.

Venezuela:

Venezuela’s economy was on the verge of collapsing. That is when the government turned towards blockchain to revive it. Petro was the world’s first crypto issue by the government of a country. It immediately paved ways to curb the black market in the country.  The government developed a special blockchain system for Petro transactions. A white paper from the government has stated that Petro uses x11 Proof-of-Work.

Denmark:

In the year 2014 Liberal Alliance emerged as the first party in the world to cast their votes using blockchain. It would not be an understatement to say that it has laid the path for the rest of the governments to conduct clean elections. The Liberal Alliance party, along with its alliance, is continuing to conduct elections in Denmark powered by blockchain.

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