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Summary
TLDRThis transcript highlights the top 10 government blockchain use cases, starting with voting systems and unique ID issuance for global voting accessibility. It discusses land registry to prevent fraud, supply chain management for quality assurance, and digital ID for secure voting and identity verification. The script also covers public records management for transparency, innovative tax collection methods, welfare distribution to reduce fraud, smart contracts in public procurement, energy trading and grid management for security, and cross-border payments for optimized transactions. The potential of blockchain in government is immense but faces challenges due to the slow-moving nature of bureaucratic processes.
Takeaways
- 🗳️ Blockchain technology has the potential to revolutionize voting systems by enabling secure and global voting through unique IDs.
- 🏠 Estonia's land registry on the blockchain serves as a model for eliminating fraud in property ownership and ensuring records' integrity.
- 🔍 The digitization of legacy records is a challenge for implementing blockchain in land registries, but it's crucial for modernizing property management.
- ✈️ Supply chain management can be greatly improved by blockchain to ensure the provenance and quality of goods, from airplane parts to pharmaceuticals.
- 💎 Blockchain can distinguish between ethically sourced and conflict diamonds, enhancing transparency and trust in the diamond trade.
- 🆔 Digital identification management is key for secure voting systems and could be facilitated by state-issued digital IDs, reducing the need for multiple physical IDs.
- 📋 Public records management, like California's pilot program with vital records on a blockchain, can increase transparency and reduce fraud.
- 💼 The role of title companies in property transactions could be simplified with blockchain, as the technology provides a transparent and secure record of ownership.
- 💰 Taxation and revenue collection could be transformed with blockchain, allowing for real-time tracking and potentially daily tax payments.
- 🏭 Welfare distribution could be made more transparent and fraud-resistant with blockchain, ensuring that funds are allocated correctly.
- 🔗 Smart contracts for public procurement could automate and secure the process of government purchasing, integrating IoT for maintenance tracking.
- 🌐 Cross-border payments could be optimized with blockchain, offering a granular level of tracking and potentially reducing trade deficits.
Q & A
What is the primary use case for blockchain technology mentioned in the script?
-The primary use case mentioned is voting systems. It discusses the potential of blockchain to enable secure and location-independent voting.
Why did the US Postal Service file a patent application for a blockchain system?
-The US Postal Service filed a patent application for a blockchain record-keeping system for voting, specifically for presidential elections, to explore the impact of blockchain on voting processes.
What is the significance of having a unique ID in the context of blockchain voting?
-A unique ID is crucial for blockchain voting as it would allow individuals to vote from anywhere in the world, including space, without being restricted by their physical location.
How does Estonia's use of blockchain for land registry impact property ownership?
-Estonia's use of blockchain for land registry ensures that property ownership records are secure and tamper-proof, thereby eliminating fraud and providing clear property rights.
What is the challenge in digitizing legacy land records for blockchain integration?
-The challenge lies in the vast amount of historical records that need to be digitized and brought up to speed with current technology standards to be integrated into a blockchain system.
How does blockchain technology address the issue of supply chain management?
-Blockchain technology provides transparency and traceability in supply chains, ensuring the provenance of materials and preventing the use of substandard or counterfeit parts.
What is the potential impact of blockchain on digital identification management?
-Blockchain can enhance digital identification management by providing a secure and unique digital ID for individuals, which can be used for various purposes, including secure voting.
Why is public records management on blockchain significant for transparency and fraud prevention?
-Public records management on blockchain ensures that records like birth, death, marriage, and adoption certificates are transparent, easily accessible, and tamper-resistant, reducing fraud.
How could blockchain technology change the process of taxation and revenue collection?
-Blockchain technology could allow for real-time tracking and collection of taxes, potentially changing the current system of periodic payments to a more continuous and automated process.
What is the potential benefit of using blockchain for welfare distribution?
-Blockchain can provide transparency and an audit trail for welfare distribution, reducing fraud and ensuring that funds are allocated and tracked accurately.
How might smart contracts on blockchain impact public procurement and infrastructure management?
-Smart contracts on blockchain could automate and streamline the procurement process, as well as provide real-time tracking and maintenance of infrastructure projects, improving efficiency and accountability.
What are the challenges government faces in adopting blockchain technology according to the script?
-The script suggests that the slow-moving nature of government and the complexities of integrating new technologies with existing systems are the main challenges in adopting blockchain.
Outlines
🗳️ Blockchain Voting Systems and Unique ID Issuance
The first paragraph discusses the potential of blockchain technology in creating secure and accessible voting systems. It mentions the US Postal Service's patent application for a blockchain-based voting record system, emphasizing the benefits of not being location-restricted due to a unique ID system. The paragraph also touches on the challenges of digitizing historical records and the transformative impact of blockchain on land registry and property ownership, as demonstrated by Estonia's implementation. The summary of this paragraph highlights the importance of blockchain in ensuring transparency, eliminating fraud, and providing a secure method for global voting and property management.
🏘️ Land Registry, Digital IDs, and Public Records
This paragraph delves into the use of blockchain for land registry, digital identification, and public records management. It explains the value of blockchain in preventing land ownership disputes and the digitization challenges of historical records. The paragraph also discusses the emerging use of digital IDs for voting and the potential for federal issuance of digital IDs to unlock new opportunities. Furthermore, it mentions California's pilot program for recording vital records on a blockchain, which could lead to transparent and easily accessible records, reducing fraud and enhancing identity verification.
🛠️ Supply Chain Management and Smart Contracts
The third paragraph focuses on the application of blockchain in supply chain management, emphasizing the importance of provenance in ensuring the quality and safety of products, from airplane parts to pharmaceuticals. It also touches on the issue of blood diamonds and how blockchain can help differentiate them. The paragraph further explores the concept of digital identification management and the potential for smart contracts in public procurement, which could streamline government purchasing and maintenance processes, as well as improve the tracking and management of infrastructure projects.
Mindmap
Keywords
💡Blockchain
💡Voting Systems
💡Unique ID
💡Land Registry
💡Supply Chain Management
💡Digital Identification
💡Public Records Management
💡Taxation and Revenue Collection
💡Welfare Distribution
💡Smart Contracts
💡Energy Trading and Grid Management
💡Cross-border Payments
Highlights
The US Postal Service filed a patent for a blockchain voting system, though it never materialized.
Blockchain could enable voting anywhere with a unique ID, even in space.
Estonia was the first to implement blockchain for land registries, reducing fraud.
Digitizing legacy land records is a challenge for blockchain integration.
Blockchain can eliminate title companies' roles in land transfers by providing transparency.
Supply chain management can be revolutionized by blockchain to ensure material provenance.
Blockchain can prevent life-threatening issues in aviation by ensuring part quality.
Provenance of pharmaceuticals can be verified through blockchain to ensure quality.
Diamonds' provenance is already being managed with blockchain to avoid blood diamonds.
Digital IDs are emerging, starting with state-issued driver's licenses.
Federal issuance of digital IDs could open new opportunities and use cases.
California is leading in recording vital records on a blockchain pilot program.
Blockchain can provide transparency and eliminate fraud in public records management.
Taxation and revenue collection could be revolutionized with daily tracking on blockchain.
Blockchain could enable real-time energy consumption tracking and billing.
Welfare distribution could be made transparent and fraud-resistant with blockchain.
Smart contracts could automate public procurement, reducing the need for maintenance tracking.
Energy trading and grid management could be enhanced with blockchain for security and efficiency.
Cross-border payments could be optimized with blockchain for better trade management.
Government will likely be the largest user of blockchain technology in the future.
The slow adoption of blockchain by governments is due to bureaucratic inertia.
Blockchain could simplify patent and trademark processes by providing transparency.
Transcripts
I've created a list so the 10 most important government blockchain use cases and of course
the very first one is voting systems it was actually the US Postal Service that filed a
patent application uh for creating exactly that a blockchain uh record keeping system for voting
for presidential elections nothing ever came of it but they actually thought uh through the process
of understanding what could be the impact of having um blockchain as a as a use case for voting
and one of the most important aspects of that of course is by having a blockchain you wouldn't have
to be restricted to wherever you are you would have a unique ID and of course we're not going to
have these things until the government actually starts issuing unique IDs to us we have paper
versions of these things passports um driver's license uh some of our Vital Records things
like you know um birth CER certificates things like that happen but once we have the government
issuing these um unique IDs we'll be able to then be able to vote anywhere we are in the world or
even in space if we were working up on the ISS um so what we should be thinking about is is voting
systems have the potential for a huge uh change as it relates to um blockchain technology another one
of course was actually referen refed earlier and that is is on land registry and property
ownership it was really Estonia the the state of Estonia one of the Baltic states that has put
the first to put all of their land Registries on the blockchain and the value of that is is
really quite straightforward and that is is that you can't go in and take it away you've basically
eliminated all fraud the problem though is is that we have this Legacy system of you know hundreds of
years in some places and thousands of years in in other places where you have all these records
going back for forever how do you digitize them and bring them up to speed but the value of it is
is really quite Paramount uh think of yourself in a country where what you're faced with is a
a regime change and they all of a sudden come in and say your land is my land and you have nothing
to actually back that up so that even when the regime that has taken over is out of power there's
really nothing you can do because they've either destroyed the records uh and prevented you from
actually regaining your your particular asset so land registry and ownership we're starting
to see a few places a few counties are actually playing around with this idea um and I think that
it will be transformative for us because it's really going to change some of the things that
we do especially in the acquisition of land your house all of a sudden you're going to eliminate
one of the B modene of that process and that is the Title Company's job the Title Company's job
is to go and let me research this make sure that there's no incumbrances on it and I will issue
a insurance policy to the lender that yes in fact if there's a problem I will actually pay for that
problem so it's really an insurance policy that they have but with blockchain it's no Joe owned
it he's selling it to to R Ruth and that's all is to it and the transfer is made and it has
complete transparency the next area is a Supply Chain management the Providence of materials is
really the most important thing that we really face our s um on a regular ongoing basis it is
estimated that one up to onethird of all airplane parts do not have Providence that means that you
don't know where it came from it may not meet the standard so if you're flying frequently and you
you think about it the jet engine is thousands of parts and all of a sudden you find out that
there is an aspect of it that is not up to code well it's kind of life-threatening to do it think
of it from a pharmaceutical St standpoint so you get some of these based materials that are
made in Pharmaceuticals if you don't have the way to prove where they came from you don't
know the quality that you're actually getting I mean we've been dealing with with Providence uh
from a supply chain standpoint for a long time probably one of the first areas where Providence
became important were in diamonds we have now blood diamonds and regular diamonds and yet to
the regular eye they're identical they are identical but we're faced with a situation
where blockchain technology could actually provide something that is really quite uh
instrumental in ensuring that what we have and what we're buying is really what we're getting
the next area is actual digital identification management and again this gets back to the void
voting systems how do you prove who we are and so one of the things I actually was uh having lunch
with the uh state senator um he spoke earlier today and he was showing on his phone the various
states that have digital uh driver's licenses and really that's the start it's it's happening
from a kind of a Grassroots up what we're seeing is from the state's approach they're coming out
and saying you know we need to be able to do this but the moment that the federal government comes
out and says we're going to issue you a digital ID is really when a lot of these activities and
New Opportunities and new use cases will just suddenly emerge because then it won't matter I
mean I if I if from a voting standpoint getting back to that if you have a digital ID you can
only vote once because you only have one digital ID the government is is in theory not going to
issue you multiple IDs um you know maybe for me multiple personality person I could maybe get a
different ID for each one but nonetheless what we're dealing with though is is the ability to
identify who we are and of course then the next is is public records management California has been
kind of leading the way uh starting last fall they allow any of their County clerks to record any
vital records on a blockchain and it's their pilot program it's not mandated uh but you're starting
to see a number of the California um Vital Records being put on actually a tesos um blockchain and so
what's interesting about that is they're starting with birth and death certificates but they're
also including including marriage and adoption uh verifications we're starting to see these things
happen and what that's going to be for us is it'll be then a very easy way for us to use transparency
in identifying what people have done eliminating any particular frauds that have existed out there
but it'll also mean that we have easily accessible records to prove who we are the next area and this
is really a more of a how do I put this it's problematic because how do you go about through
Taxation and Revenue collection part of that is is that um the government in its its genius back in
the 1930s when they were first introducing Social Security tax was is that they didn't mandate
the person pay the tax they act they told the employers you have to withdraw it and you have to
pay it to us and the penalty is not on the person it's on you the companies and so really what we've
seen is is a situation where a lot of our taxes we never we never write a check for it it's just
withdrawn from our earnings and so it makes it very easy well the same is going to be true once
we start putting these things on block the ability to have everything tracked completely you could
almost instead of making them a semiannual or even a a quarterly um type of payment system it
could be daily you could literally pay the taxes on what you have the government could extract that
for themselves on a daily basis we've started to see that uh with utility companies uh there's a
a utility company in uh England what they did is they said we're not going to issue you a bill now
every every month what we're going to do is is you're just going to be charged you have to set
up a wallet and you're going to be charged for what you consum energy standpoint every
single day well for the Energy company all of a sudden it made incredible cash flows because now
there's not a delay all there's it just made it so much better think about that though from the
the vast quantity of funds that the government actually takes it would be just quite amazing
the next also again these are government blockchain use cases would be through welfare
distribution one of the biggest problems or some of the complaints that people have is
about some of the fraud that exists in in welfare uh distribution checks and things like that we've
solved some of those problems it used to be like um if you were getting a welfare check you were
getting something that you had to take to your bank and then they issued kind of a a currency a
type of fiat currency that you did and now they moved to credit cards um the ability though for
government to actually then use blockchains they could use it as a total way to provide
transparency for this the ability to be able to provide any of these things whether it's welfare
whether it's Social Security uh it would also if you thought of it even into the health care
components if the government was be able to pay doctors for their Medicare and Medicaid payments
what would that do for doctors all of a sudden a lot of their billing components would be would
be would go away that it doesn't mean that there wouldn't be fraud but the beautiful thing about
blockchain is is it would track that so it would be you know what you can try to screw me out of
this is the government saying that you can try to screw me out of some of the money but I will
have a complete audit Trail on this and I'll be able to pin it on you the next is is that
smart contracts for public procurement we're starting to get into a situation where blockch
chain is not only important for what we're doing but we're also now integrating other web three
Technologies like iot the ability to put sensors on on things to actually then allow for us to to
do things what we would be able to do is is that governments could then be using these
smart contracts to buy and pay for services and products that they use also they could do it from
a maintenance standpoint think of all the bridges we've gone through in the past probably 8 10 12
years trillions of dollars worth of infrastructure funding we have no tracking on any of that and a
lot of it is forced by on the deterioration of our bridges I I mean think of that Public Safety you
have a bridge here either you're driving over it safely or you're driving under it safely uh unless
you're in Baltimore and then it just collapses um but the the ability for having ERS and then
having it track on a blockchain would be Cru crucial to the support and operations of our
government the next would of course be something that is very relevant to this area and that is
we have the consumption of energy here due to the data centers and it was uh the gentleman from flux
who was saying that what is the biggest problem the biggest problem is on energy finding enough
energy to support these things uh you can't just spin up unless you're a nuclear power plant you
just can't spin up turbines and water and wind and solar energy to support these things at the
drop of a hat and so really what we would find is we would find that having energy trading and grid
management grid grid safety um one of the biggest things that I've noticed in in the uh the news as
of late is is the the vulnerabilities of our electrical and energy grids this is a problem
if we had these things on the blockchain a there would be tracking complete tracking
B we would know who's accessing these things uh and be able to manage these things from a cyber
security management standpoint and then really the last thing and again this is my top 10 list
of of government blockchain use cases would be on crossborder payments one of the things that
we track is is our trade deficit and again we track this from a very big macro standpoint
but if all of a sudden we were able to start to track things down to a more granular level we
would find ourselves in the abil with the ability to to uh optimize these crossb payments and again
from the government standpoint to the ability to have things like voter let me go back here
um and I'm just summarizing here voter systems that provided a high level of Integrity a land
registration and property ownership a Supply Chain management for not only everything that we
buy the government buys and delivers U digital identity identity management a public records
management uh Taxation and Revenue collection welfare distribution smart contracts for public
procurement and energy trading and grid management and finally crossborder payments these are some
of the use cases and again this is just my list uh if I could had another 10 minutes or so I probably
could have created another list of 10 that would be completely different from this government is
probably going to be the largest user of blockchain technology in the future the
problem that we have with blockchain technology and government is is government is a very very
slow moving sheet of ice and there's a lot of rock underneath that sheet of ice that's preventing
it from from really U moving forward so it will it'll be something that happens uh as an example
one of the things that I thought would be the easiest blockchain adoption for government would
be in the patent and trademark office these are straightforward you you know exactly what's going
to happen it's a sequential event of things I mean one of the biggest problems when you're filing for
a patent is is uh who files first but now we're getting to the point is is who started working on
this first uh as part of that application process and so by doing something as simple as putting all
of that on the blockchain it would provide unlimited transparency uh that just doesn't
exist even today and and it's pretty transparent now I don't know if you've ever gone through the
process of filing a patent or filing for a Trad mark it it's a cumbersome process that um doesn't
have a lot of transparency for it this would be some of the most amazing things that we have
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