This article was first published on NEM
Blockchain technology is gaining more positive attention by governments and public sector organizations around the globe. The list of pilot projects is growing and countries like Estonia, China, Denmark, Gibraltar, Georgia, India and Dubai, are leading the way in Blockchain technology exploration and adoption. These countries will be reaping huge benefits from being among first to gain the critical knowledge and understanding from the pilot projects that can be used to plan and eventually, enhance their existing systems to better serve their stakeholders – their citizens, local business community and foreign investors. This article will be discussing in general how Blockchain technology can be adopted and implemented in governments and public sector organizations and in a bit closer detail, how NEM’s Blockchain technology is uniquely positioned to be the preferred solution.
Governments and public sector organizations around the globe are facing tremendous ‘Trust-issue’ with their stakeholders. According to The Organisation for Economic Co-operation and Development’s (OECD) Government at a Glance 2017 report, “Trust in government remains below pre-crisis levels. On average in OECD countries, 42% of citizens reported having confidence in their national government in 2016, compared to 45% before 2007”. Among the countries covered in the report are Australia, United States of America, United Kingdom, Turkey, Switzerland, Sweden, Colombia, Germany, Czech Republic, Belgium, Estonia, Slovak, Japan, to name a few. In addition, the Index of Public Integrity’s IPI 2017: Are we winning against corruption? states that
“The 2017 Index of Public Integrity shows stagnation, with minor progress in reducing red tape or increasing the demand for good governance, but regress on freedom of the press and of trade, two indispensable components of control of corruption. The index correlates at over ninety per cent with control of corruption, innovation capacity and government effectiveness, showing corruption as the ...
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