Page 5 - August 2018 Disruption Report Flip Book

DIGITAL TRANSFORMATION OF GOVERNMENT JAUNGUUASRTY 2018
Federal blockchain pilots are yielding an eight times return on investment
The public sector is utilizing blockchain technology in a number of applications, ranging from supply chain management and data/asset registries to supply chain management and smart contracts to voting and identification management. “If we move the lens to the U.S. government, while the majority of the work being done is still...prototypes or early stage pilots, the stance is very aggressive,” said Mark White, a principal at Deloitte. “Throughout the government, I actually can’t think of a major department that is not at least exploring or experimenting with it.”
Today, a number of blockchain pilots and proof-of-concepts are underway in the government agencies, including:
• Center for Disease Control: Public health surveillance
• Treasury’s Office of Financial Innovation and Transformation: Tracking
physical assets
• Department of Defense: Additive manufacturing (e.g, 3-D printing)
• Office of Personnel Management: Employee digital record
• U.S. Border Patrol: Verification of NAFTA and CAFATA certificates of origin
The federal government’s blockchain spending has risen for the third straight year, according to Bloomberg Government.
How Are Federal Agencies Investing in Blockchain?
BUILDING A NEW FINANCIAL SYSTEM WITH BLOCKCHAIN
Unclassified blockchain contract obligations by FY ($ millions)
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