Blockchain technology: could it transform digitally-enabled councils?

By Dr Andy Hopkirk, Socitm Head of Research

As the professional network for digital leaders in local public services, Socitm is at one with those that think there is great potential in blockchain technology, and perhaps even a step change on the road to a truly all-digital, open e-economy.

Blockchains underpin Bitcoin and other digital currencies, the first applications of the concept. These ‘digital crypto-currencies’ are viable alternatives to fiat paper money systems. They can operate without the need for a central bank or any other kind of single authoritative organisation to manage the money system and engender trust in it.

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Blockchain technology: could it transform digitally-enabled councils?