The Impact of Blockchain Technology on Public Sector Operations
Blockchain technology is not just relevant for those looking to work in financial services or cryptocurrencies. Instead, blockchain is now being hailed as a versatile technology that can be put to excellent use across the Public Sector.
A Versatile Solution
Blockchain should no longer be viewed as an emerging technology- although it is certainly only now that more industries and sectors are waking up to its potential to disrupt conventional business processes. The Public Sector is new to discovering the benefits of blockchain, which makes it an exciting time for anyone working in it.
Blockchain delivers better data security, securing sensitive files rather than leaving them vulnerable in centralised storage; it democratises data management and access, meaning that the right people can safely access the information they need, when they need it; and blockchain streamlines all operations to enhance efficiency.
The reason why blockchain offers such robust security lies in its architecture as a form of "distributed ledger", making it harder for cyber criminals to exploit any single points of vulnerability. Furthermore, once data has been validated and written to the blockchain, it is impossible for it to be altered, even by system administrators. Those wishing to access data and other files must use a cryptographic key.
Blockchain technology is already being put to use across a wide variety of Public Sector operations, such as strategy and research initiatives, identity and public records, digital currencies, and the administration of benefits.
Blockchain Improves Efficiency
The reason for blockchain's new-found popularity within the Public Sector is unsurprising, given the significant benefits that it can deliver. Thanks to the nature of blockchain technology, operations can be carried out with greater flexibility whilst ensuring that the sensitive data involved is managed more securely than ever. This makes blockchain a compelling solution for operations involving supply chains, where it can guarantee transparency. It is equally invaluable for the creation and management of digital identities, essential in ensuring that all citizens can fully partake in the modern economy.
On a broader basis, it can significantly improve the way that all day-to-day operations are run. This is because the democratic nature of blockchain means that there is no longer a need for a siloed, departmental approach to operations. Instead, the right people can access the information they need quickly and without the risk of compromising data security, regardless as to where they are working in the Public Sector.
The result is greater efficiency and productivity, which, in turn, represents a chance to deliver better fiscal value to taxpayers. Additionally, blockchain unlocks the possibility of making even greater savings by allowing agencies to make use of smart consensus algorithms that can track and reconcile transactions across multiple Public Sector agencies and departments.
Build Your Dream Career With Blockchain
If you have the right tech skills, then there's little doubt that building a career in the Public Sector can be enormously rewarding. You can enjoy excellent prospects for career progression thanks to your technical know-how, and you can feel good about working on projects that will benefit society at large. Roles include those of a blockchain analyst, or blockchain engineer. There are also blockchain roles for project managers who can oversee blockchain implementation projects and can understand the work carried out by a team of developers and engineers.
If this fast-growing field sounds appealing, then make sure you get access to the best blockchain roles by partnering with the experts. Here at Addition+, we understand what it takes to build rewarding tech careers, and we specialise in connecting our high calibre candidates with the most exciting opportunities.
We are committed to helping you identify and take the right steps to ensure successful project completion. Contact Addition+ today to unlock the full potential of your tech project.
Start your journey by getting in touch today to book your call with one of our team.
Call us: 0330 024 2273 I Email us: hello@additionsolutions.co.uk
A Versatile Solution
Blockchain should no longer be viewed as an emerging technology- although it is certainly only now that more industries and sectors are waking up to its potential to disrupt conventional business processes. The Public Sector is new to discovering the benefits of blockchain, which makes it an exciting time for anyone working in it.
Blockchain delivers better data security, securing sensitive files rather than leaving them vulnerable in centralised storage; it democratises data management and access, meaning that the right people can safely access the information they need, when they need it; and blockchain streamlines all operations to enhance efficiency.
The reason why blockchain offers such robust security lies in its architecture as a form of "distributed ledger", making it harder for cyber criminals to exploit any single points of vulnerability. Furthermore, once data has been validated and written to the blockchain, it is impossible for it to be altered, even by system administrators. Those wishing to access data and other files must use a cryptographic key.
Blockchain technology is already being put to use across a wide variety of Public Sector operations, such as strategy and research initiatives, identity and public records, digital currencies, and the administration of benefits.
Blockchain Improves Efficiency
The reason for blockchain's new-found popularity within the Public Sector is unsurprising, given the significant benefits that it can deliver. Thanks to the nature of blockchain technology, operations can be carried out with greater flexibility whilst ensuring that the sensitive data involved is managed more securely than ever. This makes blockchain a compelling solution for operations involving supply chains, where it can guarantee transparency. It is equally invaluable for the creation and management of digital identities, essential in ensuring that all citizens can fully partake in the modern economy.
On a broader basis, it can significantly improve the way that all day-to-day operations are run. This is because the democratic nature of blockchain means that there is no longer a need for a siloed, departmental approach to operations. Instead, the right people can access the information they need quickly and without the risk of compromising data security, regardless as to where they are working in the Public Sector.
The result is greater efficiency and productivity, which, in turn, represents a chance to deliver better fiscal value to taxpayers. Additionally, blockchain unlocks the possibility of making even greater savings by allowing agencies to make use of smart consensus algorithms that can track and reconcile transactions across multiple Public Sector agencies and departments.
- “A 2022 study by the McKinsey Global Institute found that blockchain could reduce fraud and corruption in the Public Sector by up to 50%.”
Build Your Dream Career With Blockchain
If you have the right tech skills, then there's little doubt that building a career in the Public Sector can be enormously rewarding. You can enjoy excellent prospects for career progression thanks to your technical know-how, and you can feel good about working on projects that will benefit society at large. Roles include those of a blockchain analyst, or blockchain engineer. There are also blockchain roles for project managers who can oversee blockchain implementation projects and can understand the work carried out by a team of developers and engineers.
If this fast-growing field sounds appealing, then make sure you get access to the best blockchain roles by partnering with the experts. Here at Addition+, we understand what it takes to build rewarding tech careers, and we specialise in connecting our high calibre candidates with the most exciting opportunities.
We are committed to helping you identify and take the right steps to ensure successful project completion. Contact Addition+ today to unlock the full potential of your tech project.
Start your journey by getting in touch today to book your call with one of our team.
Call us: 0330 024 2273 I Email us: hello@additionsolutions.co.uk