Helping Governments to Benefit from Distributed Ledger Technologies

Blockchain Adoption Framework

Traditional rigid and legacy IT project management techniques should be avoided when contemplating initiatives to implement distributed ledger technologies. A more agile approach is required and FreeBalance’s blockchain advisory services help governments to determine their readiness for the adoption of blockchain technologies.

Further Reading

Building Trust in with Blockchain

Government Blockchain Readiness

For government, blockchain promises to reduce fraud and corruption, while improving controls and data reliability. Blockchain provides distributed ledgers. In other words, multiple-entry bookkeeping. Distributed ledgers mean that tech-savvy, corrupt individuals would need to manipulate hundreds of systems, and these transactions are encrypted.

Some applications of blockchain in government:

Public Finance Scenarios

  • Remittances
  • Tax compliance
  • Tenders and contracts
  • Online payments
  • Financial audit
  • Disaster relief
  • Anti-money laundering
  • Social benefits
  • Government grants and loans
  • Aid management
  • Utility metering
  • Government assets, facilities, property, fleet, inventory
  • Government supply chain management

Other Government Scenarios

  • National IDs
  • Microfinance
  • Central Bank settlements
  • Property registration
  • Voting
  • Records management
  • National cryptocurrencies
  • Drug security
  • Secure IoT
  • Carbon trading
  • Certificates and licenses
  • Smart grid
  • Smart energy

Are you interested in blockchain for government? Please get in touch.

Contact us to learn how we can help you to implement distributed ledger technologies in your government.