Governments and Blockchain

Governments that lag behind and create or maintain barriers to the use of technologies, such as Blockchain, that can improve the efficiency and effectiveness of business and government processes risk losing the competitive advantage of their national businesses and eventually the revenue that flows from these businesses. To that end, good businesses and good governments are entirely aligned on the motives for the adoption of Blockchain and should be able to work out their differences when it comes to their competing agendas. Businesses can anticipate many of the likely needs of governments with regard to Blockchain applications (such as meeting Know Your Customer and Anti Money Laundering requirements) and can work towards meeting those without external prompting.