Blockchain in Public Administration
Much ado about ‘blocks’?
For centuries, the lack of trust in transactions (economic, legal, bureaucratic) has been a collective problem that humanity has tried to solve through trustworthy players from both parties. In many cases, these players have become institutions, both public and private. Recently, blockchain technology has been brought about by the potential to replace the need for trust with a cryptographic test, and many governments are beginning to explore such technology.