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Blockchains Unchained: Blockchain Technology and its Use in the Public Sector

Blockchains Unchained: Blockchain Technology and its Use in the Public Sector

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SUMMARY

This research aims to explain the ins and outs of what the blockchain architecture is, the uses it could have in the public sector, and the challenges that governments could have to face. Equally, the report also aims at defining what this technology is not, and therefore indicates where its application may not be helpful.

According to this OECD, blockchain offers the option to handle information and trust in unprecedented new ways that need to be known so that the public sector can capture its value and the opportunities that this technology presents.

Blockchain technology, the paper suggests, could imply the elimination of banks and governments as trusted middle-bodies. Or that they function in that respect could be completely different from what they are at present. The disruptive nature and value of blockchain lies in fact on the creation of automated and noncentralized decision-making platforms that offer transparency and validity without the need for centralized third-parties controlling and supervising the processes.

This report examines several government projects and case studies that have started to use blockchain technologies. The second part of the document offers an overview of the challenges that blockchain technology entails for the public sector.

 

OUTLINE

Introduction and Executive Summary

What are blockchains?

Challenges and limitations

Appendix

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
Blockchains Unchained: Blockchain Technology and its Use in the Public Sector
Region
Global
Published
June 29, 2018
Publisher
OECD
Author(s)
Jamie Berryhill, Théo Bourgery, Angela Hanson
Price
FREE
Language
ENGLISH

Content

Number of Pages
53
Number of Tables
0
Number of Exhibits
5
Topics
blockchain
Tags
bitcoin, blockchain, case studies, cryptocurrency, digital identification, DLT, e-governance, e-government, financial services, global, nodes, OECD, public sector, smart contracts
Author(s)
Jamie Berryhill, Théo Bourgery, Angela Hanson
Methodology
Not available.
EVALUATION

This is in-depth research about blockchain in the public sector stands out for its case studies of blockchain initiatives in governments and institutions across the globe.

Positives:

  • Many case studies
  • Explanatory key concepts
  • Great data
  • Understandable language

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