January 19, 2016

How Bitcoin Tech Could Spark a Revolution in Government Services

bitcoin-AMThe block chain technology which underpins the cryptocurrency could be put to use by governments.

The bitcoin digital currency is underpinned by a distributed ledger based on block chain technology: in this case the distributed bitcoin ledger ensures that the bitcoins are authentic. But the basic block chain approach can also be modified to incorporate rules, smart contracts, and digital signatures, which could make it a handy tool for government services.

Those who have been attracted to bitcoin largely because it is perceived to be free of government control may be surprised to see the underlying technology enthusiastically promoted by government,...

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