Blockchain applications in the public sector
” The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.”
Blockchains could be used to address inefficiencies in current systems and increase the effectiveness of public service delivery. For example, a blockchain could seve as the official registry for government – licensed assets or intellectual property owned by citizens and businesses, such as houses, vehicles and patents. A blockchain could also help in back-office functions, to coordinate and streamline tendering and purchasing across departments, agencies, and others arms – length bodies. In al cases, a blockchain could reduce fraud and error while delivering big benefits in terms of efficiency and productivity.
To see more, check the source links.
Source:
https://www.economist.com/sites/default/files/plymouth.pdf
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