ABSTRACT

Blockchain and  Suitability for Government Applications   [open pdf - 1MB]

From the Introduction: "Traditional relational database management solutions (e.g. Oracle and SQL [Structured Query Language]), deployed globally across millions of applications, have one major operational constraint - the management of data is performed by a few entities who must be trusted. Distributed Ledger Technologies (DLT, commonly referred to as blockchain), an alternative architectural approach to managing data, and removes the need for a trusted authority to store and share a perpetually growing set of data. [...] Change will not be easy, as distributed ledgers mature and disrupt how we think about data management. Incumbent technology leaders have spent billions of dollars enhancing their technologies and applications and are thus committed to preserving the status quo. However, the significant investment and recent growth in Bitcoin clearly signals that investors are interested in blockchain technology. Prominent technology providers such as IBM and Microsoft have announced foundational technology stacks for companies to use in building blockchain applications. The objective of this whitepaper is to educate key government decisionmakers on the benefits and challenges of using blockchain and the potential to deploy applications to speed up access to data, ensure integrity of data, and reduce overall cost."

Author:
Publisher:
Date:
2018
Copyright:
Public Domain
Retrieved From:
Department of Homeland Security: https://www.dhs.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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