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Use Cases - Government

Distributed Ledger Technology can enable the government to perform better.

Audits And Compliance

The most attractive property of blockchains for compliance and audits is that once data proof has been entered into a block on the ledger, it can no longer be adjusted or deleted.

Compliance can now be built into smart contracts, which implies that a set action can initiate the execution of a series of subsequent actions, each fulfilling compliance requirements automatically.

Insurance

Distributed ledger technologies are a potential solution to automate public administrative tasks.

Incorporation of data from insurance and pension providers, each sharing their information to a public ledger, will allow anyone with the right credentials to verify the information kept in the ledger. Each of the pension and insurance providers can house a network node, which ensures against the data being held at a single location.

Global Identity

By distributing the verification process across a network of connected nodes, anywhere a credential appeared on the network it could be verified.

Each credential would contain a unique private key, making counterfeiting and fraud impossible without the private key, owned in equal parts by each party connected to any particular license.

Voting And Governance Systems

Historically, digital voting has been subject to data loss, manipulation, and hacking.

By using public key cryptography for signing a vote, a result can be recorded without the voter’s details being revealed. The votes enter an open, tamper-proof public ledger with easy verification of public keys.

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