Why is Blockchain important?
Like mainframe computers, PCs, the inter net, smart phones and cloud computing before it, blockchain technology will be transformational. Blockchain has the potential to support efficient and secur e real time transactions across a large number of sectors, including (thats right) :
The United Kingdom Government commissioned a report titled Distributed Ledger Technology: beyond block chain, led by the Government Chief Adviser, Government Office for Science. This 2016 report recommended a broad UK government effort to explore and test blockchain and distributed ledger technology.
The report concluded that across the government sector alone blockchain has the potential to improve the speed and efficiency in such diverse areas as: voting (local, state and national elections); r egistration, transfer and management of property titles; passports and ID; industry licenses; vehicle licenses; and medical registrations and health records.
Governments across Europe, the Americas, Singapore and Australia are similarly exploring the potential of blockchain technology.