What: Local governments across the nation are beginning to understand the importance and potential of properly utilizing Blockchain Technology. What is blockchain? Blockchain technology is a byproduct of living in a digital world. It is a constantly evolving and secure network of data that is used to store electronic records, establish e-notaries and even collect taxes. The nation of Estonia has run their country electronically for more than a decade. Blockchain technology provides governmental infrastructure for a wide range of services from e-health records, automated electronic taxation, and even e-business registration.
How: There is real value being discovered by utilizing and mastering blockchain technology in the public sector. Properly using this data helps local governments become more proactive rather than reactive by using customer trends to predict needs. Places like South Burlington Vermont, with a population of 19,000, are being used as a case study to properly implement blockchain technology in the daily decision making of public administrators.
Why: Yorktown’s local government continues to have the same conversations and has attempted to tackle the same issues for decades. Meanwhile, the rest of the world is advancing itself in other areas leaving Yorktown in their dust. Utilizing Blockchain Technology will push Yorktown ahead of the curb, allow for a more proactive, efficient and effective local government that would be tackling the real issues of our local citizens. It is time we change the conversation and Blockchain Technology will allow for that.