Global Governments Tap Blockchain to Streamline Infrastructure

Global Governments Tap Blockchain to Streamline Infrastructure

Blockchain
May 1, 2020 Editor's Desk
105
Governments all across the globe are operating on improving and streamlining their existing processes and infrastructure. Blockchain technology will perform an expanding role of importance in this respect.  GROWING ADOPTION OF BLOCKCHAIN TECHNOLOGY Several governments across the world are recently examining their options in the blockchain space. Instead of seeing established technology companies, it seems
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Governments all across the globe are operating on improving and streamlining their existing processes and infrastructure. Blockchain technology will perform an expanding role of importance in this respect. 

GROWING ADOPTION OF BLOCKCHAIN TECHNOLOGY

Several governments across the world are recently examining their options in the blockchain space. Instead of seeing established technology companies, it seems that diversification is taking place at this time. This state of affairs is a consistent evolution of the apparently reluctant approach governments have taken when it arrives at distributed ledger technology over the past few years.

Streamlining existing processes and infrastructure is required in the modern age. Legacy systems yet in use today have become very slow and strive to process the enormous amounts of data our society deals with every single day. By drilling into blockchain technology, a lot of various options can be examined and developed upon with relative ease. 

EXPLORING OPTIONS WITH RSK

Speaking of investigating various options, RSK can be a helpful ally for governments throughout the world. The company gives a smart contract platform on top of Bitcoin that allows multiple use cases for governments. Moreover, it can serve as a smart contract certification platform.

It is also worth seeing that RSK is operating with businesses and service providers all over the world. This has enabled the exploration of various solutions, including blockchain for social impact, blockchain for traceability, self-sovereign identities, blockchain for financial inclusion, and many other interesting blockchain use cases. 

Utilizing blockchain technology on a national level may take some time. Nevertheless, blockchain can also be very influential for city-level governments. Some opportunities to explore involve tracking suppliers, streamlining hiring processes of contractors, or let citizens trace how their tax payments are being applied on a city level. 

RSK GAINS GROUND IN ARGENTINA

Regions hit by hyperinflation are apparently more excited to explore blockchain solutions. Argentina is an excellent example, as it has looked at RSK for various solutions in quick succession. This further goes to prove that smart contracts can guide to real-world use cases.

The first venture to be investigated in Argentina comes in the form of the country’s central bank. The BCRA is running together with the Blockchain Group and other associates to create a blockchain-based solution able to implement direct account debit claims. This entire system is completely decentralized and allows end-to-end traceability.

A second attempt is made potential with the help of Energas. The Argentinian natural gas regulator is expanding its blockchain-based gas distribution tracking system. Following a prosperous local trial, the Gasnet venture will now be made available across the country. 

The Gasnet system operates on RSK. Managing service providers, registering certificates, and enhancing regulatory oversight are three of its core benefits. By the RSK smart contracts and RIF solution, it will lead in a new era of gas distribution across Argentina.

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