Business Strategy: The Blockchain Audit Trail -- Helping Establish Government "Data Authority" and Information Accuracy

Business Strategy: The Blockchain Audit Trail -- Helping Establish Government "Data Authority" and Information Accuracy

  • May 2016 •
  • 15 pages •
  • Report ID: 3850949 •
  • Format: PDF
This IDC Government Insights report discusses how blockchain technologies (the technical foundation for Bitcoin) hold great potential to solve government's long-term challenge of establishing clear rules about who has control over specific types of information, how to confirm data accuracy, and confirming who retains long-term authority over a piece of data when it comes to updating or modifying that information."We believe that distributed ledger technologies help create a structure for government to reduce fraud and boost security, especially when it comes to data tampering," said Shawn P. McCarthy, research director for IDC Government Insights. "They also can help establish new relationships between government and citizens regarding the way data is collected and shared in a transparent manner. But a great deal of research and infrastructure development needs to occur to boost this process."