Blockchain technology is revolutionizing different industries. Government agencies are looking forward to using this technology to bring efficiency, a better level of safety and transparency in their workings.
Many blockchain companies like Dragonchain are planning to help the government sector to use blockchain. Talking about Dragonchain, it is America’s Blockchain, and it works on streamlining the secure integration of real business applications and data on a blockchain. These blockchain platforms offer government features encompassing guarding business data and operations, multi-currency support, even quick restful API integrations with any blockchain or legacy system.
With a concentration on government adoption of blockchain technology, the Government Blockchain Association (GBA) looks forward to bringing people together to solve the problems that governments regularly encounter. Anyhow, in this post, you can come across a few of the use cases that may illustrate how government agencies can apply blockchain to solve real issues.
Proof of Ownership and Transfers
The requirement of land transactions and proof-of-ownership can be a burden for government agencies with heavy documentation and administrative work. With blockchain, governments can permanently save asset transactions like land, vehicles, property on a public ledger, and there stays utmost Document security in this way.
The government, for instance, can pioneer a land registry tool to easily track land ownership and real estate transactions inside the borders of the country. As a result of this, the government can enjoy better transparency in land dealings. Similarly, interested citizens can search for a piece of land and get the correct information. It is because the blockchain records, time-stamps, and stores permanently all initial and following sales. This process can even significantly reduce the likelihood of corruption, as the distributed ledger will be more secure.
Self-Executing Contracts
Traditional legal-contract execution has been pricy to both governments as well as their citizens. However, intelligent, self-executing contracts allowed by blockchain can eradicate the requirement for intermediaries and potentially improve contract creation and overall execution. These contracts will be publicly accessible and safe inside the network.
Social-Benefits Management
Government systems, which offer social benefits, like unemployment, are prone to misuse and penetration by wrong people like cyber attackers. Blockchain technology can improve record management and provide proper protection. However, the authority should thoroughly address the issues of privacy. Keeping anonymized ids and data in employer databases whereas storing the encrypted hash key (a kind of digital “fingerprint”) in the blockchain can assist in guarding data.
For example, there can be secure QR code security. This secure QR code is the QR code that is based on the blockchain network. These specific QR codes have a unique type of hash value in the code. Once there is a blockchain-based QR code on a system or document, it will link to another QR code with its hash value on the blockchain network. Hence once a person or anyone tries to reach the QR code or scan it to get the information, the hash value first would get matched up with the hash value of the QR code on the blockchain network. It would display the information of the system or document only if these hash values match. The best thing is that these are permanent, and nobody can fraud them. They are just like DNA or biometric technology, which cannot be copied or penetrated.
Patent Protection
Since blockchain has the potential to permanently time-stamp transactions at any time, government agencies or individuals can file patents in the absence of enduring the cumbersome submission process. While the actual patent verification could take time, the time stamp associated with the filing may help solve manifold patent-related conflicts. It is something that can avert costly lawsuits.
For example, a government agency or company might time-stamp a document before it experiences the complete patent application and filing. Hence, once a competitor tries to register any similar patent, it is convenient to prove which party had the concept or idea first. Also, patent documents are enjoying a transaction hash, offering protection through proper encryption.
Validation of Files and Documents
Government agencies are consistently searching out for centralized cloud-based solutions to authenticate the files and documents of all their citizens. Here, blockchain technology could be that solution. The technology can easily store hash values of citizen documents on the blockchain. It permits the government agencies to provide an attested and permanently time-stamped electronic version of such documents anytime.
The Bottom Line
Since blockchain technology is evolving, it can promise to work as a disruptive power for governments. To optimally use this distributed-ledger technology, government agencies should take proper steps and use the right tools. If you want to invest in the blockchain solutions like QR security codes, you can discuss them with us at ProofEasy.