Blockchain based Transformation in government: review of case studies
Date Issued
2018
Author(s)
Basheska, Julija
Trajkovik, Vladimir
Abstract
Blockchains are immutable digital ledger systems implemented in a distributed way and usually without a central authority.
Each transaction in the public ledger is verified by consensus of a
majority of the participants in the system. Once entered, information can never be erased. The blockchain contains a certain
and verifiable record of every single transaction ever made. It
operates in a decentralized peer-to-peer network using cryptographic algorithms to verify, validate and distribute transactions
across millions of nodes, enabling the secure, auditable, transmission of assets without intervention by a central authority.
The economic, political, humanitarian, and legal system started realizing the benefits of Bitcoin and blockchain technology and
the fact that this is potentially an extremely powerful technol ogy
that could have the capacity to modify many aspects of society
and its operations.
This document provides a short, high-level technical overview
of the blockchain technology. It provides a review of application
beyond crypto-currencies and financial applications through use
cases in government and public services.
Each transaction in the public ledger is verified by consensus of a
majority of the participants in the system. Once entered, information can never be erased. The blockchain contains a certain
and verifiable record of every single transaction ever made. It
operates in a decentralized peer-to-peer network using cryptographic algorithms to verify, validate and distribute transactions
across millions of nodes, enabling the secure, auditable, transmission of assets without intervention by a central authority.
The economic, political, humanitarian, and legal system started realizing the benefits of Bitcoin and blockchain technology and
the fact that this is potentially an extremely powerful technol ogy
that could have the capacity to modify many aspects of society
and its operations.
This document provides a short, high-level technical overview
of the blockchain technology. It provides a review of application
beyond crypto-currencies and financial applications through use
cases in government and public services.
Subjects
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