Government Initiatives in 2020 Blockchain: Global Perspective

Let’s explore various government-run blockchain projects, their benefits and how these initiatives have the potential to shape a better future. The first country is China. China is one of the countries that has recorded rapid progress in blockchain technology. In 2020, the Chinese government launched the Blockchain Service Network (BSN), which aims to drive blockchain adoption in various sectors. BSN is a cloud-based platform that provides tools and resources for blockchain application development.
BSN enables enterprises and developers to easily build and deploy blockchain applications in a cost efficient manner. This initiative paves the way for large-scale blockchain projects and aids digital transformation across a wide range of industries, including logistics, finance and public services.
Estonia has been a leader in implementing blockchain technology in the government sector. In 2020, the country will continue to enhance its e-Government initiatives to provide better public services to its citizens. The Estonian e-Government system uses blockchain technology to store personal data and ensure its security and integrity. With blockchain technology, Estonian citizens can safely access healthcare, tax services and other public administration digitally. The data stored on the blockchain is strongly encrypted, reducing the risk of information leakage and data misuse.
The United Arab Emirates, particularly Dubai, has hosted a number of innovative blockchain projects. In 2020, Dubai launched the Dubai Blockchain Strategy 2020, with the goal of having 50% of government transactions run on blockchain platforms by 2021. This initiative aims to reduce bureaucracy, increase efficiency, and increase trust in government services. By using blockchain technology, Dubai intends to provide an innovative and blockchain-friendly business environment for industry players.
The Australian government has demonstrated a strong commitment to blockchain technology and digital innovation. In 2020, the Australian Department of Industry, Innovation and Science announced funding allocations for a number of blockchain projects focused on key sectors such as healthcare, finance and logistics. The aim of this initiative is to support the development of innovative projects and encourage collaboration between the private and public sectors. Through government support, it is hoped that blockchain technology will be increasingly integrated into the everyday lives of Australians.
Switzerland has been recognized as an innovative and progressive global financial center. In 2020, the Swiss government continues to strive for a conducive environment for the development of blockchain technology. By presenting clear and supportive regulations, Switzerland seeks to attract more blockchain companies and innovative projects to its territory. In this regard, Switzerland views blockchain not only as an economic opportunity, but also as a tool to increase efficiency and security in business and government systems.
Government initiatives in 2020 have brought blockchain technology to a more advanced stage and have had a positive impact on various sectors. China has succeeded in creating a BSN platform that facilitates the development of blockchain applications, while Estonia has implemented this technology in its e-Government system for data security. The United Arab Emirates ambitiously launched the Dubai Blockchain Strategy to increase government efficiency, while Australia supported innovative projects through government funding. Finally, Switzerland is an example of how proper regulation can support the development of blockchain technology.
All of these initiatives have the same goal, which is to apply blockchain technology to shape a better and innovative future. Through the adoption of this technology, it is hoped that transparency, security and efficiency can be improved in various sectors.