Published: 08 May 2019
Summary
Governments’ fascination with blockchain shows signs of being balanced by a greater sense of realism about potential uses of still-young technology. Government CIOs leading digital transformation should focus on practical use cases, with discipline, pragmatism and awareness of risks.
Included in Full Research
- Blockchain Disruptors
- Digital Asset Markets
- Societal Markets
- Humanitarian and Social Services
- Efficiency Plays
- Cross-Entity Transactions
- Identity Fabrics
- Record Keeping
- Self-Sovereign Records
- Complex Data
- Evaluate Blockchain as an Option for Storing Data or Records Where the Current Controls to Ensure Immutability and Manage Access Are Expensive; Explore Data Storage Options for Record-Keeping Use Cases, Particularly for Those With Retention Policies, Privacy Implications or Large Data Volumes
- Make Sure You Have Planned for and Factored in Scalability, Security and True Decentralization (or Consider Other Technologies) When Aiming for Efficiency Gains Through Blockchain
- Evaluate Different Participation Options in the Context of Digital Asset Markets; for Example, What Models, Incentives and Populations to Target and Plan for to Achieve Viability
- Apply Realism When Assessing the Potential Disruptive Effects of Individual Blockchain Use Cases for an Organization or Sector