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The Invisible Technology That's Changing the Public Sector
Digital tokens made headlines in recent months. While some say the Bitcoin party might be over, the blockchain party has only begun. The distributed ledger technology has the potential to disrupt every industry and maybe even revolutionize the world economy.
Though most commonly associated with crypto currencies, the blockchain is capable of much more. Future applications such as smart contracts, supply chain solutions, security exchanges, voting systems, anti-counterfeiting payment and even solutions for health-care are on the horizon.
It’s no surprise that most major Fortune 500 companies, from retail and finance to automobiles and airlines, are investigating the technology’s possible benefits. But it appears, a new player entered the game. These days government leaders seem to be the new kids on the block, exploring and adopting the technology.
Blockchain’s promises of security, transparency, efficiency and speed intrigue governments and companies alike – some are even eying their own digital currency. This week Venezuela launched the controversial cryptocurrency “Petro”, Estonia is building a digital nation with an e-residency program and plans to develop their own “Estcoin” and several US government agencies launch new projects to keep up with the economy's digital transformation.
Below we put together our favourite links and current news about the ledger technology, its use cases and adopters.
Happy reading!
Susanne Knoll
Project Manger I Open Austria
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