The blockchain movement originated as part of a libertarian solution counter to centralized authority. And now, ironically, it is governments that are increasingly interested in the potential of blockchain and distributed ledger technologies (DLTs). … Indeed, Blockchain technologies are poised to significantly benefit public services by improving governments’ efficiency and transparency. This article argues why and how governments should more boldly pursue the use of blockchain technology as a tool for improved governance outcomes.
Blockchain has swept contemporary discourse, from tech circles to governments worldwide. But many presentations of blockchain often either oversimplify what it actually is or aim at highly technical audiences. Basic historical and technical understanding are prerequisites for informed consideration of blockchain’s implications, as well as for bringing its potential to bear in new domains. Providing that understanding is the purpose of this paper.