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Author Topic: Are there governments that are utilizing the technology of Blockchain & Bitcoin?  (Read 160 times)
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December 09, 2020, 02:04:33 PM
Merited by malevolent (1)
 #1

It just came out of my curiosity, I know I can simply do a research for this but I think it's also good to talk about it here in this forum since I think we all came here to be educated and gain more knowledge about Bitcoin and other cryptos. Aside from Africa of course, What are the other governments that has aside from legalizing Bitcoin and cryptocurrency are actually using the technology of Blockchain and Bitcoin to give their economy a bigger boost? I mean, it's a good idea to legalize it and give people the freedom but I haven't seen other governments on stepping up and making good use of crypto to actually boost the economy of their country.

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December 09, 2020, 02:22:55 PM
 #2

Most of the big economies (USA, EU & China, at least), are working in their own cryptocurrency, using blockchain. They are also working in the cryptoregulation, or at least the crypto taxation. But nobody knows if they want to legalize the existing cryptos like btc, or they just want to replace them with their own coins.
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December 09, 2020, 02:34:23 PM
 #3

I am only sure that there are already governments which are making use of the blockchain technology. Whether it is specifically for their economy, I don't know but blockchain is something which governments, private companies, and other institutions could certainly exploit. It's a database, after all.

As to Bitcoin, I don't think there is a single country which is directly using Bitcoin in whatever purpose save perhaps for Venezuela. I've read a number of times purported government pronouncements in which Bitcoin is said to be officially recognized or even encouraged to its citizens especially in terms of remittance. I guess this has something to do with economics in a way because this is for the protection of its citizens' purchasing power given the ridiculously high inflation rate. This is also said to be a way to get around US economic sanctions.





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December 09, 2020, 02:38:52 PM
 #4

 I can say that they are not only government but also organization utilizing blockchain and bitcoin,
The might be exploring it for other means aside crypto
Blockchain is not all about crypto
You could check my previous post to find out
https://bitcointalk.org/index.php?topic=5298168.msg55781797#msg55781797
 So I think they are not only government and organisation but also individual .
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December 09, 2020, 02:56:37 PM
 #5

Blockchain & Bitcoin are the whole different things. There are some countries that already implemented several blockchain projects but there will not be any countries that will fully support btc because they cant control it
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December 09, 2020, 03:00:42 PM
Merited by malevolent (2)
 #6

There are many countries who have openly expressed their interest in blockchain technology behind BTC though only few approve cryptocurrencies due to reasons like volatile nature etc.

Some of them are already utilising this technology to develop their own cryptocurrencies which will be centralized.

https://consensys.net/blog/enterprise-blockchain/which-governments-are-using-blockchain-right-now/#:~:text=Estonia,blockchain%20on%20a%20national%20level.

Above link just gives you an idea as to how many countries are actually interested in blockchain technology due to the possible use cases involved.

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December 09, 2020, 03:31:54 PM
 #7

Blockchain is just a public ledger that record and stores data using cryptography. So anyone can use it if they want... it could be organization, bank, government etc.

There's no government will adopt Bitcoin since they can't have full control of Bitcoin and extreme volatility. They can only legalizing Bitcoin on their countries and applying crypto tax.




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December 09, 2020, 04:35:32 PM
 #8

It just came out of my curiosity, I know I can simply do a research for this but I think it's also good to talk about it here in this forum since I think we all came here to be educated and gain more knowledge about Bitcoin and other cryptos. Aside from Africa of course, What are the other governments that has aside from legalizing Bitcoin and cryptocurrency are actually using the technology of Blockchain and Bitcoin to give their economy a bigger boost? I mean, it's a good idea to legalize it and give people the freedom but I haven't seen other governments on stepping up and making good use of crypto to actually boost the economy of their country.

If you are asking if any government is utilizing blockchain or not - then my answer is yes! I am talking about only blockchain technology here and not the cryptocurrency.

In my country, a state government has started using blockchain technology to issue birth certificates. Check the link below,

https://www.techcircle.in/2018/12/20/municipal-corporation-in-bengal-is-now-issuing-blockchain-based-birth-certificates/

I live in a country where bitcoin is not yet legal. So for such a country, it's quite a shift!

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December 09, 2020, 05:09:52 PM
 #9

I'm not sure that at least one country uses blockchain and crypto technologies in the sense that you mean.
Blockchain as we all know is a public ledger which anyone or country can use for their comfort. Although it won't be much of government involvement into Blockchain becasue of it public usage and anyone can have access to information at self-will, as we know the government hate much accountability. As for Bitcoin, the government won't get involve becasue of the freedom it came with.

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December 09, 2020, 07:54:52 PM
 #10

A couple of weeks ago I have read this article and I think this will answer OP's question on what other countries or governments have already adopted blockchain technology to their system. Good thing I was able to pull it up again so I can share the link:

https://consensys.net/blog/enterprise-blockchain/which-governments-are-using-blockchain-right-now/

As of now, there are more governments who are already using blockchain in their system because of the benefits it could bring them. However, if OP's concern is about the bitcoin then we all know that gradually the number of government or country who legalizes bitcoin are continuously increasing and to name a few you might as well check this article:

https://blog.sagipl.com/legality-of-cryptocurrency-by-country/

I hope this answers OP's concern.


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December 09, 2020, 09:18:03 PM
 #11

It just came out of my curiosity, I know I can simply do a research for this but I think it's also good to talk about it here in this forum since I think we all came here to be educated and gain more knowledge about Bitcoin and other cryptos. Aside from Africa of course, What are the other governments that has aside from legalizing Bitcoin and cryptocurrency are actually using the technology of Blockchain and Bitcoin to give their economy a bigger boost? I mean, it's a good idea to legalize it and give people the freedom but I haven't seen other governments on stepping up and making good use of crypto to actually boost the economy of their country.

Here's one, the Government of Canada,

https://explorecatena.com/

And since many countries have been implementing electronic voting, it has been viewed that blockchain technology can be used as well in this electoral process.

Here is my old post:

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December 09, 2020, 09:28:35 PM
 #12

A couple of weeks ago I have read this article and I think this will answer OP's question on what other countries or governments have already adopted blockchain technology to their system. Good thing I was able to pull it up again so I can share the link:

https://consensys.net/blog/enterprise-blockchain/which-governments-are-using-blockchain-right-now/

As of now, there are more governments who are already using blockchain in their system because of the benefits it could bring them. However, if OP's concern is about the bitcoin then we all know that gradually the number of government or country who legalizes bitcoin are continuously increasing and to name a few you might as well check this article:

https://blog.sagipl.com/legality-of-cryptocurrency-by-country/

I hope this answers OP's concern.
Thanks for sharing this article as newbie I was also in search of things like this its going to help me a lot for some search and works which I am going to do because I am also great fan of this blockchain technology which is going to do some big changes in our future its really need of time because now as we are going we have to bring things like this for better and fair results.

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December 09, 2020, 10:38:46 PM
 #13

With general proclivity to ban what's new and dangerous for current corrupt systems, I'd be glad the gov would just give the technology freedom to develop on its own terms. That would be more than enough
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December 09, 2020, 11:56:09 PM
 #14

Maybe I give a little information that I know about blockchain in Indonesia.
FYI, before that, I would like to inform you that cryptocurrency (as one of the things implementing blockchain technology) in this country is legal as a commodity asset (but not yet legal as a means of payment).
Regarding blockchain itself, our government has actually been very welcome to this technology. In fact, our government has established and inaugurated the Blockchain Center of Excellence and Education (BCEE) in Jakarta. This is a great start for the various applications and adoptions of blockchain technology going forward.

And for the use of blockchain technology, there are already several companies that have applied it. But for the government itself,
- This state-owned company (BUMN) uses Blockchain technology, namely POS Indonesia.
- In addition, there are also tax institutions in Indonesia that have implemented this technology as OnlinePajak .

And I am sure there are many other government institutions in the world that have been implementing blockchain technology for a long time.



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famososMuertos
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December 11, 2020, 10:59:29 PM
 #15

It just came out of my curiosity, I know I can simply do a research for this but I think it's also good to talk about it here in this forum since I think we all came here to be educated and gain more knowledge about Bitcoin and other cryptos. Aside from Africa of course, What are the other governments that has aside from legalizing Bitcoin and cryptocurrency are actually using the technology of Blockchain and Bitcoin to give their economy a bigger boost? I mean, it's a good idea to legalize it and give people the freedom but I haven't seen other governments on stepping up and making good use of crypto to actually boost the economy of their country.

None! And this is a personal opinion, because there may be a country that "may" be using blockchain technology, the bitcoin core network and bitcoin. But specifically not for such  words in your OP "... boost the economy of your country", there are several who have tried but with corrupt purposes... others do it in order to have an asset to exploit as they do with their natural resources that end up in misappropriation of funds.

It would be nice to know which government? "officially" uses a bitcoin node. Come on!! that already exists but using one of the premises of bitcoin "anonymous"

How nice it would be if we could see how much they charge, what funds they receive and how they are spent by public employees of main positions or high positions, presidents, ministers, deputies, senators and public institutions. In the end, their salaries come from the taxes we pay and from the natural resources that belong to all citizens.

The true audit would fall on the people and not on a deputy, senator, judge who is from the same political party or the same ideologies.

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December 11, 2020, 11:43:07 PM
 #16

A couple of weeks ago I have read this article and I think this will answer OP's question on what other countries or governments have already adopted blockchain technology to their system. Good thing I was able to pull it up again so I can share the link:

https://consensys.net/blog/enterprise-blockchain/which-governments-are-using-blockchain-right-now/

...


it will be good if we have people from those countries here.
because I wonder if this blockchain implementation (or whatsoever) impacted people directly and nicely there.
IMO, cryptocurrency is (maybe) the only blockchain product that can be widely adopted and impacted those people.
Central Bank Digital Currency (CBDC) already implemented in some countries. Blockchain-based CBDC will be the other option in this case.
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December 11, 2020, 11:47:29 PM
 #17

I'm not sure that at least one country uses blockchain and crypto technologies in the sense that you mean.
Blockchain as we all know is a public ledger which anyone or country can use for their comfort. Although it won't be much of government involvement into Blockchain becasue of it public usage and anyone can have access to information at self-will, as we know the government hate much accountability. As for Bitcoin, the government won't get involve becasue of the freedom it came with.
It is a good syst if government will use it, its an open ledger that anyone can see where and when the peoples money used. It shows transparency for their people that taxes goes in different projects by using crypto wallets allotted for specific projects but surely no government will use it as it will stop them to do corruption or if they have personal agenda in running in government positions.

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December 11, 2020, 11:59:10 PM
Last edit: December 12, 2020, 12:38:55 AM by malevolent
 #18

Most of the time it's going to be 'blockchain' or similar tools that a government has decided to use, not really Bitcoin itself, unless unofficially, e.g. to evade sanctions and the like. It's more common for public universities to be involved in some way and then it's usually going to be academic research into Bitcoin/blockchain/DLTs rather than using it for themselves.

It's hard to find many governments at higher levels actually deciding to put blockchain/DLTs into use (not just small trial runs), R3 has a link suggesting they have at least two government customers:

https://www.r3.com/customers/govtech/

But I couldn't anything similar (governments being clients) on the site of their main competitor, Hyperledger.

The reasons are obvious, there's accountability involved when spending public money, bureaucratic inertia, and most blockchain solutions are solutions searching for problems to solve. More focus when selling DLT tech could be given to scenarios where blockchains make the most sense, i.e. where different participants don't trust one another, anything involving international trade, relations, etc.

According to a Consensys link above we'll probably see more use in the coming future.

edit: Exonym (BitFury's product) has three gov stories on their website: https://exonum.com/stories/index

The one with Georgia's land registry using blockchains seems like it's one of the major government users of blockchains.

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December 12, 2020, 01:06:57 AM
 #19

Utilizing blockchain and bitcoin are two different matters.
Many countries develop economic programs using blockchain technology to optimize and integrate hyperconnected assistance.
On the other side, Bitcoin isn't backed by any government, and cryptocurrencies are not insured by the government either. The developers and users are responsible for storing their coins and use it at their will.
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December 12, 2020, 01:28:30 AM
 #20

Blockchain is just a public ledger that record and stores data using cryptography. So anyone can use it if they want... it could be organization, bank, government etc.

Pretty much, private companies, a government agency can easily use blockchain, though it took them time to implement it since they have to learn all the steps of it and since it is a new technology, they are a little hesitant to use it officialy since they have to test it for possible exploit, glitches and bugs.

There's no government will adopt Bitcoin since they can't have full control of Bitcoin and extreme volatility. They can only legalizing Bitcoin on their countries and applying crypto tax.

I highly agree Bitcoin having a decentralized nature is the opposite of what a government likes, centralized with them (government) having full control and we all know that the core chain of Bitcoin at its current program is impossible to fully centralize.  So all the government can do to utilize blockchain technology is to create their own and implement it and if they wanted profit out of Bitcoin users, they have to adopt it and tax those users.
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