ACT-IAC White Paper: Enabling Blockchain Innovation in the U.S. Federal Government
Enabling Blockchain Innovation in the U.S. Federal Government
Developed by the Blockchain Working Group, ACT-IAC Emerging Technology Community of Interest
This Primer is intended to be a foundational tool in the understanding of blockchain and its use cases within the United States federal government. To that end, it should help allay the concerns that some may have about this new technology by providing an introduction to blockchain and its related technologies, and how blockchain can be safely and securely applied to the right government use cases.
Blockchain has the potential to help government to reduce fraud, errors and the cost of paper-intensive processes, while enabling collaboration across multiple divisions and agencies to provide more efficient and effective services to citizens. Moreover, the adoption of blockchain may also allow governmental agencies to provide new value-added services to businesses and others which can generate new sources of revenue for these agencies.