Category: Blockchain

The Impact of Blockchain for Government

IBM Center for the Business of Government, Thomas Hardjono | September 2018

How can blockchain benefit government? How can government lead the way to a broad-based blockchain evolution that drives economic vitality? This report, written by Thomas Hardjono, Director of the MIT Trust: Data Consortium, addresses these questions and the challenges the government faces in adopting blockchain technology in identity management, payment accuracy, and supply chain integration.

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Dubai Launches Blockchain Payment Reconciliation and Settlement System

Press Release, Zawya News | Sept. 23, 2018

The Smart Dubai Office has launched the Payment Reconciliation and Settlement System, allowing transactions to be performed accurately and in real time and economizing time and effort. The SDO payment project is part of the Dubai Blockchain Strategy, launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council. The Strategy seeks to increase government efficiency by transferring 100% of government transactions to the Blockchain network.

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Groundbreaking Legislation Announced Supporting Blockchain and Digital Currencies

Press Release, Representative Tom Emmer | Sept. 21, 2018

Representative Tom Emmer (R-MN), a co-chair of the Congressional Blockchain Caucus, announced he will introduce three groundbreaking bills to support blockchain technology and digital currencies. Specifically, the legislation expresses support for the industry and development of these promising technologies in the United States, provides clarity to entities that never take control of consumer funds, and establishes a safe harbor for taxpayers with “forked” digital assets.

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Breaking Blockchain Open

Deloitte | September 2018

In Deloitte’s 2018 Global Blockchain Survey, 84% of the executives surveyed believed that blcockhain technology is “broadly scalable and will eventually achieve mainstream adoption” and 75% of respondents see a “compelling business case” for using blockchain. Moreover, 68% say that their competitive advantage is on the line. Deloitte concludes, “blockchain is at an inflection point, with momentum shifting from ‘blockchain tourism’ and exploration to the building of practical business applications.”

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