We increasingly see private sector adoption of blockchain for a variety of use cases. Visa is using blockchain to facilitate business-to-business transactions. De Beers, the international diamond corporation, is using the ledger to optimise their supply chain management. Blockchain is helping healthcare organisations improve the way medical data is shared and used. It is also helping to improve data storage and as well as gain advertising insights.
When it comes to blockchain implementation across governments, we typically see that they use blockchain to tackle specific, narrowly defined objectives on a smaller scale. Uganda’s Drug Authority, for instance, is using the ledger to handle the country’s counterfeit drug issues. The state of Illinois is experimenting with blockchain technology to strengthen the security of voter registration cards, social security numbers, birth and death certificates.
We don’t usually see governments using blockchain to streamline their entire organisation.