Review of blockchain technology in government systems: Applications and impacts in the USA
1 Independent Researcher, San Francisco, CA 94103, USA.
2 Nigeria Deposit Insurance Corporation, Nigeria.
3 Independent Researcher, Lagos.
4 Catalent Pharma Solutions, Maryland, USA.
5 Independent Researcher, Abuja.
Review Article
World Journal of Advanced Research and Reviews, 2023, 20(03), 863–875
Publication history:
Received on 04 November 2023; revised on 12 December 2023; accepted on 15 December 2023
Abstract:
This study examines blockchain applications in the USA's government systems, analyzing its effectiveness in public administration and governance. Blockchain technology, initially introduced as the underlying infrastructure for cryptocurrencies, has garnered substantial attention for its potential to transform various sectors, including government systems. This paper provides a comprehensive review of the applications and impacts of blockchain technology in the United States' governmental landscape. As governments worldwide seek innovative solutions to enhance transparency, efficiency, and security, blockchain emerges as a disruptive force with the capacity to reshape administrative processes. The study elucidates the fundamental principles of blockchain technology, emphasizing its decentralized and tamper-resistant nature. It also explores diverse applications within government systems, ranging from identity management and voting systems to supply chain traceability and public finance. The analysis delves into specific use cases, detailing how blockchain enhances data integrity, reduces fraud, and streamlines bureaucratic processes. Furthermore, the paper assesses the implications of blockchain adoption for government operations, highlighting potential benefits such as cost reduction, increased accountability, and enhanced citizen trust. Challenges and considerations, including scalability, interoperability, and regulatory frameworks, are scrutinized to provide a balanced understanding of the technology's limitations. The review extends to the United States' federal and state-level initiatives, examining pilot projects and ongoing implementations that leverage blockchain in areas such as land registries, healthcare data management, and procurement. Insights into the collaborative efforts between public and private sectors are explored, shedding light on the collaborative frameworks essential for successful blockchain integration. Ethical considerations and privacy concerns are addressed within the context of blockchain applications in government, emphasizing the need for robust safeguards to protect sensitive information while harnessing the transformative potential of the technology. This paper synthesizes the current state of blockchain technology in the United States' government systems, offering a nuanced understanding of its applications and impacts. As blockchain continues to mature and gain traction, this review contributes valuable insights for policymakers, researchers, and practitioners, fostering a deeper appreciation for the transformative potential of blockchain in shaping the future of government operations.
Keywords:
Blockchain Technology; Government Systems; Applications; Blockchain Impacts; USA
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Copyright © 2023 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0