2. "Blockchain is the new world’s information
system that will reconstruct the shape of the
future, the way Internet did!"
Sunil Jagani
CTO, President of AllianceTek
4. Government Of Top
Countries Are Working
With The Blockchain
Technology
7
1
Transforming
Government Services
8
1
Current Applications
of Blockchain
9
1
Proposed Applications
of Blockchain
10
Conclusion11
5. INTRODUCTION - WHAT IS
BLOCKCHAIN
Blockchain, as described by
many, is the evolution of
Internet. But, technically
speaking, it is a distributed
ledger system that can be
used to record various types
of transactions, especially
financial, between two
parties, in a verifiable,
secured, and permanent way.
6. BLOCKCHAIN & GOVERNMENT
Governments, be any country, needs to maintain information
about its day-to-day operations, activities, assets as well as
details of its people, institutions and organizations. From
maintaining records of the general populace to high scale
business transactions, they all exist in some kind of digital or
paper form.
7. All these records are
prepared at 3 levels
LOCAL
REGIONAL
NATIONAL
Every level of agency builds its own ledger of data with distinguished
access-management protocols. The high-priority data is not very often
available for general access and needs to be protected against
manipulation or unauthorized access.
8. Blockchain technology can be used to smoothen this form of
data management.
Since blockchain is an encrypted digital ledger that can be
stored on multiple computers, it can hold large amounts of
data in the form of ‘blocks’, that cannot be altered without the
collusion of the majority blocks.
9. As a result, blockchain makes it
easier to create and manage
volumes of data, while maintaining
security and safeguarding from
other potential threats - all that
at a very minimum cost.
10. DEFINITIONS
Wikipedia - “A distributed database that is used to maintain a
continuously growing list of records, called blocks. Each block
contains a timestamp and a link to previous block.”
Investopedia- “A public ledger of all Bitcoin transactions that
have ever been executed.”
Gartner - “ A distributed ledger in which value exchange
transactions (in bitcoin or other token) are sequentially grouped
into blocks.”
11. WHY IT CAN BE DEEMED “VERY
SECURE”?
Managing data digital assets has always been a worried subject.
Despite the best efforts of agencies to protect their system,
hackers are easily able to get through.
12. In 2015, hackers were able to
obtain personal details, like
social security number,
fingerprint details, personal
information, financial
information, etc., of more than 20
million Americans.
Once hackers obtain the needful
data, they can easily reconstruct
or manipulate. This, however, can
never happen with blockchain.
99%INTERNET
TECHNOLOGY
15%BLOCKCHAIN
TECHNOLOGY
HACKING PROBABILITY
13. In blockchain, data of one block
cannot be altered unless all the
subsequent blocks are altered,
which would require verification
from several parties.
Hence, hackers cannot obtain data
and manipulate it.
14. HOW GOVERNMENT CAN BENEFIT?
A lot of information is created and processed at every level to
ensure smoother movement of daily life. However, instances of
data duplication, false identities, data multiplicity, etc., abounds
at every level.
17. BEST ADVANTAGE OF BLOCKCHAIN
It is disruptive!
Disruptive technology, in business terminology, is a
technological innovation that displaces existing business
models with the latest methods whenever as or when they
arrive.
18. Blockchain works with the same ideology. Blockchain
application can tend to be disruptive thereby facilitating
various government organizations to use new methods
whenever older tools go obsolete.
19. This can happen in cases of payment
systems, financial transactions,
governance tools, etc.
20. GOVERNMENTS OF TOP COUNTRIES
ARE WORKING WITH THE BLOCKCHAIN
TECHNOLOGY
Russia - The Central Securities Depositories is implementing
blockchain technology to allow various stakeholders transact
with each other directly
United Kingdom - The government is exploring blockchain to
manage the distribution to grants.
21. South Korea - The government of South Korea is insisting its
banks to implement the technology and create projects around
it.
Singapore - Government of this country has already turned to
blockchain technology to prevent bank frauds.
USA - The US government’s prime logistical agency, GSA or
General Services Administration, is looking at Blockchain to
streamline Contract Bidding System.
22. TRANSFORMING GOVERNMENT
SERVICES
So, how will be blockchain actually transforming government
services?
Blockchain can bring regulatory clarity, something that
governments of every country has failed to perfectly achieve.
23. This can happen in cases of payment
systems, financial transactions,
governance tools, etc.
24. Emerging economies who are looking to digitize their economy entirely
needs a highly-developed efficient process that can help them achieve
their policy goals without getting concerned about security.
The only technology that can make that possible is Blockchain.
LOCAL
REGIONAL
25. In simple words, you will be able to
do transactions automatically -
and not wait in line - at a public
utility services department, while
having complete assurance that
government certified that
transaction.
27. PROPOSED APPLICATIONS OF
BLOCKCHAIN
The proposed application of blockchain can be endless.
From healthcare to defense, supply chain management to luxury
goods governance, and institutions to industries, the
technology can be used to streamline operations and create
new opportunites.
29. "WHICHEVER COUNTRY’S GOVERNMENT ADOPTS
IT FASTER WILL LEAD THE WAY!"
On May 16, 2017, NASCIO or National Association of State Chief
Information Officers described Blockchain as, “the next big
transformational technologies”.
And I completely agree!
Even though at its early stage, it is clear that blockchain has
immense potential and plenty of room for innovation. It can
immensely benefit everyone, especially governments, to create
a more integrated and efficient governance.
30. Sunil Jagani is the founder of AllianceTek, an IT consulting firm that offers
proactive services to thousands of clients across the world. Besides
managing his company that is headquarted in Pennsylvania and has 9
offices located within and outside of US, he likes to share his massive
insight on emerging technologies and how they can aid in improving the
environment around us.
You can contact SUNIL JAGANI +484-892-5713 or email him
at pa.info@alliancetek.com.
THANK YOU