Page 25 - April 2018 Disruption Report Flip Book

FEDERAL GOVERNMENT JAANPURAIRLY20210818
FEDERAL GOVERNMENT
Blockchain represents the next major paradigm shift for government
In May 2017, the General Services Administration asked the American Council for Technology (ACT), a non-profit educational organization established to create a more effective and innovative government, to form the Industry Advisory Council (IAC) to serve as an authoritative resource for government agencies regarding blockchain technology and its potential uses. The IAC, comprised of volunteer participants from more than a dozen agencies and a variety of industry tech partners, published a blockchain primer to serve as a playbook on approaches to using blockchain in government and help create government blockchain use cases.
The IAC’s primer, Enabling Blockchain Innovation in the U.S. Federal Government: A Blockchain Primer, outlined the following benefits enabling blockchain technology in the government:
◊ Increased public trust achieved through transparent and verifiable platforms
◊ Increased citizen engagement through identity management and transaction validation
• Electronic identities and records
• Secure voting and verifiable results
• Distributed registries for patents, property, settlements, etc.
◊ Transparent and traceable data
• Acquisition and financial management
• Procurement of goods and services
• Supply chain management
◊ New revenue sources from value-add services
• Automatically generated reports when information is updated (e.g., a
new patent filed)
• Cross-agency searches that save
© 2018 by Canfield Press, LLC. All rights reserved. www.canfieldpress.com 25