Governments and Enterprises Can’t Get Enough of Blockchain
Last week, the Canadian government awarded a contract for steel tracking onchain, and at Davos there was widespread talk of using blockchain for data collection and environmental solutions. He cites examples such as governments “using their power to force competitive corporate entities to cooperate using a single ledger not controlled by any single one of them for the benefit of their taxpayers” and envisions voting being another major use case, highlighting “shareholder voting to government internal vote tracking to city and even national elections,” adding: But in order to get blockchain voting you also need to figure out identity, which is a very privacy sensitive application.
As blockchain technology is tested at scale by government agencies, NGOs, banks, and other institutions, it will prove itself as a ledger whose data integrity can be trusted. What’s less debatable is that the legitimization of Bitcoin’s underlying technology has created a world in which blockchain is no longer just a buzzword – it’s just a word – and where it’s not uncommon to find financial institutions running nodes for public and private chains.
