The Uncertain Promise of Blockchain for Government

Blockchain technology remains a hot topic for digital transformation and innovation, as blockchain and its underlying distributed ledger technology have the potential to fundamentally transform a wide range of industries and markets. In addition to the private sector, where blockchain has demonstrated disruptive potential through a series of proven use cases in areas such as fintech and asset management, interest for public sector applications of blockchain technology remain high. Governments continue to show strong demand for investments in blockchain efforts for identity, records and supply chain management, financial services, land titles, and other applications. Likewise, the OECD is closely monitoring developments involving blockchain technologies through its Global Blockchain Policy Centre, Global Blockchain Policy Forum, and reports and research that span the wide array of policy domains covered by the OECD, including public sector blockchain, as covered by the OECD’s Observatory of Public Sector Innovation and Digital Government and Data Unit.

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