Governments all across the globe are commencing to utilize an extensive range of blockchain networks offered by various firms and companies. This is part of a trend that shyly began a few years ago. One of the main features is associated with the fact that both developed and developing economies are beginning to utilize distributed ledger technology.

RSK Smart Contract Network 

A natural gas distributor in Argentina named Gasnor, has obtained permission from the local gas regulator to commence piloting a smart contract certification platform. RSK, a smart contract platform on top of Bitcoin, is going to be presenting the technical support for the certification platform to run and work properly. This would enable Gasnet to secure and expedite the gas certification processes in the country. 

In this case, Gasnor will be decreasing the paperwork and documentation that before was managed utilizing legacy systems, old platforms, and archaic processes. With the RSK Smart Contract Network and a modified enterprise version of this platform, it will be possible for Gasnor to contribute better services to clients in a nation where bureaucracy is still an problem. 

RSK has been operating with various companies globally to offer solutions in several industries. RSK is working with various sectors, including finance, insurance, investment, logistics, entertainment, and many others. City-level governments can also profit from blockchain technology by decreasing corruption and enhancing transparency on the hiring process of contractors and third party suppliers. Furthermore, citizens could interpret through blockchain technology how their taxes are being employed at a local level. OS City is also an illustration of how you can make this occur.

Last but not least, central banks could also profit from blockchain technology. CBDCs would facilitate central banks the opportunity to speed up monetary policy transmission though there may be interests related to confiscation, privacy, and negative interest rates. Put, many people would still favor having paper money. Nevertheless, CBCDc is just one use case of blockchain technology for central banks. Another exciting option is related to applying blockchain technology as a tool for central and commercial banks to improve the efficiency of internal communications. In this aspect, RSK is also offering by working on implementation with the Central Bank of Argentina. 

Blockchain Technology Broad Use Cases

One of the platforms that are applying RSK’s solutions is GiveTrack. The intention behind this partnership is to render transparency and accountability to donors by utilizing financial information in real-time.

The exciting thing about this platform is that it has been created utilizing Bitcoin (BTC) – the most comprehensive cryptocurrency in the market – and RSK’s technology. In this way, they can give a customized platform for nonprofits that is user friendly and has a user-friendly interface. 

Another instance can be observed with Money on Chain, which employs a BTC collateralized stablecoin. Users can have a Bitcoin-collateralized stablecoin if they want to decrease the volatility of their portfolios. In attachment to it, by applying the RSK Blockchain, Money on Chain is trying a decentralized token exchange to trade digital assets. 

Another company employing RSK solutions is dexFreight. This platform allows carriers, shippers, and supply-chain stakeholders the possibility to associate with each other and get data in a much more effective and secure way. So this is an excellent instance of how blockchain technology can be utilized in the supply chain both by the governments and private sector.

The logistics industry is full of inabilities that can be developed by utilizing blockchain technology. RSK is giving the required solutions so as for dexFreight to allow better solutions to clients in various regions of the world. 

RSK at the Forefront

There are various use cases for RSK blockchain solutions. Government, agencies, and firms from various countries are beginning to utilize these solutions to make their services and processes much more effective, and RSK looks like an excellent option for government-focused blockchain solutions.

RSK offers a wide range of services that would support the entire market to build the future on top of Bitcoin and smart contracts. As the whole cryptocurrency and blockchain markets move forward, RSK proceeds to expand its presence in the space and give the required solutions to firms in the industry.