How Blockchain Technology Renovates Government Sectors ?



Blockchain is a widespread technology that proves to be the pillar that makes the future digital economy. Blockchain Technology is a potential fuel that drives the government services building most transparent government-citizen relations.

Challenges In Government Sectors

Let us look at some of the challenges that our government sector faces in recent days.

1. Lack of Transparency 

Every information with the government is only low accessible to citizens. Citizens often face trouble in accessing personal informations and are forced to wait for annual tax dollars report. This is because there are no real-time updations of all transactions included in governments.

Sometimes the citizens are unaware of disappearing money. This lack of transparency in government for citizens results in lack of accountability.

2. Slow Step-by-step Approach 

The best example of government's slow process that results in damaging the government-citizen relationship is " Filing for benefits ". This may take 3 to 4 months process in US Government. Every
Government requires people to prepare personal documentation to submit it to them through mail or online portals which inturns go for several human verifications and auditing processes.

This time-consuming approach for every process by the government makes citizens feel bad about the government sectors.

3. Lack of Privacy 

We are unaware of where our money goes and what actually the government is doing with our tax amounts. But the government collects and maintains each and every private information about all the citizens.

Defense departments in all the countries are using existing technology to invade privacy under the name of security. Our mobile phones are the best surveillance tools used by the government to grab our personal information.

Blockchain in Government

Blockchain technology has a lot of scopes to modernize the current government sectors with more transparency and security. Blockchain-based government is an enhanced solution that offers the following:

1. The secured storage medium for both citizen and as well as business data.
2. Less chance for corruptions and thefts.
3. Reduced labor-intensive processes with no excessive costs
4. Increased trust among the public on government and online civil systems.

Benefits of Blockchain in Government

A blockchain-based digital government provides the following benefits.

1. Protection of  data
2. Provides streamline processes
3. Reduction of fraud, waste, and abuse
4. Inturn increasing trust among the public.

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