Blockchain Government
Blockchain technology is starting to arrive to the extent that applications are being defined for different sectors, most prominently markets/finance/banking, government/legal, IOT, and health. In all of these venues, the thinking is that centralized models may be something of the past, and could be supplemented or improved by secure decentralized frameworks that could be more efficient, quicker, and less expensive. For example, in finance and banking interbank transfers currently take three days to clear, but this could be immediate.
The reason that secure decentralized ‘smartnetwork’ operations are possible is the maturity of the Internet. The Internet is now large enough and liquid enough in terms of global reach, billions of participants, and in-place infrastructure such that a whole new tier of applications is enabled like those using blockchain technology. Blockchain technology creates secure decentralized transaction networks. The technology combines the peer-to-peer file-sharing of BitTorrent with public key cryptography to form a network where independent parties (rather than a centralized authority) can confirm that transactions are unique and valid, and record them into a ledger. This means that transaction networks can be more decentralized, secure, and resilient, and also accommodate a much greater scale of activity since parties do not need to know and trust each other, just the system.
Government is a sector where blockchain applications could have a significant benefit and finally allow services that are personalized instead of one-size-fits all. Public services could be as individually-specific as a Starbucks coffee order. Blockchains could be a liberty-enhancing equality technology allowing individuals to be more empowered, participative, and involved. Governance might be the next venue where individuals can take more authority and responsibility for themselves. The Internet made this possible with financial instruments, an intermediary like a stock broker is no longer needed for selecting and buying-selling financial instruments like stocks, bonds, CDs, and mortgage products. Likewise in information and entertainment, the Internet has fractured traditional centralized industries and created a new sensibility where individuals select their own content. Health services is another example where patient-driven EMRs (electronic medical records), web-based test data, personalized genomics, and quantified-self wearables have led to a new sensibility of individuals self-advocating for health as biocitizens. The key point is that the nexus of authority has shifted to the individual per decentralized Internet models. Blockchain-based government services could trigger a similar shift in sensibility and a rethinking of authority
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