In 2015 The Economist magazine hailed blockchain as “the trust machine”, capable of replacing governance structures, displacing institutions, and bringing a new level of transparency to transactions and information, with implications across public life.
In the years since, the technology has produced trillion-dollar decentralized financial markets and a slew of innovation over blockchains especially in financial services, with the rise of bitcoin, stabelcoins, decentralized finance or DeFi, Central Bank Digital Currencies (CBDCs), and other industries such as shipping, logistics and supply chains are starting to scale use cases.
OECD research, however, shows little breakthrough in blockchain innovation in government and minimal impact in the public sector - the technology is often described as a solution in search of a problem. While the technology is rapidly maturing, we are starting to see governments take an interest in blockchain and distributed ledger technology (DLT) in areas such as tax, standards and certification, digital identity, and data privacy.
Continue reading: https://www.forbes.com/sites/lawrencewintermeyer/2021/10/06/will-the-revolution-be-tokenized-governments-blockchain-and-the-digital-space-race/?sh=5b68a97f5170
In the years since, the technology has produced trillion-dollar decentralized financial markets and a slew of innovation over blockchains especially in financial services, with the rise of bitcoin, stabelcoins, decentralized finance or DeFi, Central Bank Digital Currencies (CBDCs), and other industries such as shipping, logistics and supply chains are starting to scale use cases.
OECD research, however, shows little breakthrough in blockchain innovation in government and minimal impact in the public sector - the technology is often described as a solution in search of a problem. While the technology is rapidly maturing, we are starting to see governments take an interest in blockchain and distributed ledger technology (DLT) in areas such as tax, standards and certification, digital identity, and data privacy.
Continue reading: https://www.forbes.com/sites/lawrencewintermeyer/2021/10/06/will-the-revolution-be-tokenized-governments-blockchain-and-the-digital-space-race/?sh=5b68a97f5170
