MAKING USE OF BITCOIN BY INSTITUTIONALIZING BLOCKCHAIN
Blockchain’s benefits-security, efficiency, and speed-are readily applicable to public sector organizations, and the technology’s potential helps explain why so many government leaders are actively exploring its uses in government. Indeed, blockchain experiments in the public sector are accelerating globally. From almost none three years ago, agencies in more than a dozen countries-including Canada, the United Kingdom, Switzerland, Germany, China, and India-are running pilots, tests, and trials examining both the architecture’s broad utility as a basis for government service provision and procurement and developing individual blockchain-based applications for internal use.
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