• Blockchain

Blockchain in the Public Sector

23 July 2020

BDO has conducted an international survey on the use of blockchain technology in the public sector. We surveyed 250 senior levels, within the public administration sector, the municipal administration and health and social services, which resulted in some very interesting insights.

While 56% of respondents believe that the public sector will use blockchain technology, 44% stated that there is currently vast uncertainty around the technology itself.

However, the respondents agree there is a great need for education and regulation on blockchain, and recent studies also indicate that the technology is becoming more and more accepted by public administration. For example, in Estonia blockchain provides the backbone of the e-Estonia program, which connects government services through a single digital platform.

Despite these promising evolutions, very few organisations today have practical experience with it and are instead implementing other digital technologies they believe are more accessible.

In these post-COVID times, where many public sector organisations will rethink their digital strategy, choosing between blockchain and other technologies will be an important decision to make. Our BDO digital experts can offer a better understanding of all possible options, and can support in making the right decision.