Blockchain technology offers a whole world of possibilities for Government systems.
Not only can it make tasks faster, it can also be an aid in fighting corruption.
How can it do tall that you ask?
Let’s find out . . .
Trustless Transactions
The word “trustless” doesn’t mean that it’s untrustworthy, rather the opposite.
With Blockchain, tasks such as money transactions (eg. Pension) can be automated using smart contracts.
Once a smart contract is implemented, no “middle men” can tamper with it.
This allows for a completely hands-free and seamless operation, eliminating the need for “trust.”
Transparency with Privacy
-The information once stored on the blockchain database can never be tampered with, and it will be available whenever needed.
-You can store the public information on a public blockchain ledger that everyone can access (such as criminal records, employment records).
-Sensitive information (such as medical records) can be stored on a private distributed ledger, making it available to specified persons only.
-This way, the government can access and keep the information they need for providing services to the citizens, while ensuring their privacy.
Enhanced Security
-Blockchain for government and public services add extra layers of security that keep hackers away from the data.
-When you use a distributed ledger for storing your data, on a protected network, it becomes extremely difficult for hackers to get into the system.
-Blockchain is made up of multiple blocks, each block is connected to all the other blocks, and each block has the cryptographic hash of the block before it.
-For a hacker to access the system, they would need to change the data on a block as well as the data on every other block, to avoid detection.
-Each entity that makes a transaction in the block gets a private key assigned to the transactions they make.
-When a hacker tries to make any changes to the data on a block, this key becomes invalid and the peer connection is notified instantly.
-There is no single point of weakness, the data itself is stored on multiple databases and not on a single server, making hacking practically impossible
Fighting Corruption
-Blockchain technology protects your data, not only from hackers but from everyone, making falsifying of data practically impossible.
-You can use authentication to choose who gets the data, while maintaining transparency by making relevant data available to the public.
-The immutable storage keeps data intact, and citizens can easily view and verify data using a Blockchainbased explorer.
-What you see is literally what you get.
Elections
-In the era of ballots, security was a major concern and Ballot boxes were guarded with high levels of security to ensure that the votes were not forged.
-Now, this process is done with the help of electronic devices, but the problem here is that electronic devices can be easily tampered with.
-There have been several reports of voters clicking on one candidate’s button and the vote being cast for the other candidate.
-Blockchain can eliminate this completely by ensuring that each vote cast is authentic, and the immutable storage makes sure that the data is not lost.
In A Nutshell
If Implemented, Blockchain technology has the potential to change the way our system operates, forever.
A change that maximizes efficiency while safe guarding privacy and countering corruption.
What is BaaS?Baas is based on the Software as a Service (SaaS) model and works in a similar fashion.BaaS refers to third-party cloud-based infrastructure and management for companies building and operating blockchain apps.It functions like a sort of web host, running the back-end operation for a block-chain based app or platform.Why BaaS?-Consumers and businesses are increasingly willing to adapt to blockchain technology.-However, the technical complexities and operational overhead involved often act as a barrier.-These include creating, configuring, and operating a blockchain and maintaining its infrastructureHow does BaaS do it?-BaaS offers an external service provider to set up all the necessary blockchain technology and infrastructure for a fee.-Once created, the provider continues to handle the complex back-end operations for the client.-These include activities like bandwidth management, allocation of resources, hosting requirements, and data security features.-The BaaS operator frees the client to focus on the core job, the functionality of the blockchain.-A BaaS provider’s role is similar to that of a web hosting provider.-The website creators create and run all the website content on their own personal computers.-They may hire support staff or sign up with an external hosting provider like Amazon Web Services or HostGator.-Similarly, these third-party companies take care of the infrastructure and maintenance issues.The Future-BaaS may be the catalyst that leads to a wider and deeper penetration of blockchain technology across various industries and businesses.-Businesses don’t have to create and run their own blockchains.-Instead they can now simply outsource the technically complex work and focus on its core activities.Thank You For Reading
And, with new remarkable technological advances, it only gets simpler and better by the day.Blockchain technology, which is the most common in the currency market, is one such brilliant innovation.
From healthcare to finance to the modern media sector, blockchain has reached every industry.
Let's look at how blockchain can help mobile apps and why you should use blockchain for your company.How does blockchain technology elevate mobile applications?
Blockchain networks are made up of a chain of blocks that contain information and are encrypted with strong cryptography.
Each block contains the transaction data and the timestamps of the previous blocks.
Transparency The method of authorizing applications for sale on Google Play and Apple's App Store appears to be unpredictable and considered unfair.
What is Blockchain?In simple words, the blockchain is a unique distributed record that stores the data and verifies its integrity.
By using a different set of cryptography based technologies, Blockchain assures that transaction continued into the blockchain database which is steady.Blockchain technology manages the every currency transactions.
But Blockchain is not limited to just currency but enlarges to any domain where anything of value is implemented, be it contracts, personal information, health records, business data and much more.
Advantages of Blockchain TechnologyEfficiencyTransparencyTrustFlexibility Our blockchain solutions offer paradigm shifting abilities to the businesses that are in search of unmatched scalability at the operational level.
Development Platforms for Blockchain TechnologiesEthereum is perhaps the most consistent and widely spread platform for the creation of viable blockchain systems.
Despite the fact that the whole platform is relatively new and has only been developed a few years ago, Ethereum has been taken its place at the forefront in the world of developing platforms for blockchain technologies.
Depending on the popularity and hype acquired by blockchain technology in the last few years, it won't say that blockchain is definitely a game-changer and also it can be considered as the next big thing to occurred in the inventions of the internet.
In simple words, it stores a record of each transaction that can be accessed by everyone who is all into the networks, therefore eliminating the requirements of a centralized authority.
It stores and collects the information in an encrypted blockchain with much safety and security.Let's see at some of the top real-world blockchain technology applications over various industries here.1.
It can help to trach the batch and serial numbers of prescription drugs.
Nowadays, some of the hospitals have started to record the patient's data with the latest ways of handling the data and they are using blockchain technology to store each patient's record confidential.
Patient's diagnoses report can also be stored so that they can easily track the history of the patient's health conditions.3.
