Countries that have announced Blockchain strategies

Given that Blockchain is an “anti-system” technology, it faces the paradox that governments and international institutions can be one of its main drivers.

Different governmental entities worldwide have established their interest in investigating and implementing this technological and financial novelty, thinking about the benefits that its use in governmental processes and public administration services can bring, through the decentralization of these, which could lead countries that venture to do so to be more competitive.

Pioneers and avant-garde

Malta, Blockchain paradise: Malta is a country that has shown a special interest in technological innovation for some years. Among its objectives is to position itself as the “Silicon Valley of Europe”, for which it announced in 2017 a national Blockchain plan, which aims to turn the European island into a place with attractive commercial advantages for the companies of the bitcoiner ecosystem.

One of the main goals to achieve is related to the regulation of new technologies, for which it implemented three laws, the Law of Arrangements and Services of Innovative Technology, the Law of Virtual Financial Assets and the Law of the Digital Innovation Authority of Malta, which entered into force recently.

But the government of Malta does not want to have this innovation alone. It has recently announced the formation of a working group to develop a national strategy of Artificial Intelligence (AI), which will position the country at the forefront on topic and the Internet of Things (IoT), for which they would also develop a friendly regulatory environment for artificial intelligence just as it did with the Blockchain technology.

Mexico seeks solutions with Blockchain: another government that announced a Blockchain strategy at the national level is Mexico, but this one has quite a different approach, motivated to encourage the construction of solutions for the public sector based on decentralized systems of cryptoassets, for which it’s in development of several ones that seek to promote the adoption and technological innovation for public services in Mexico.

Their major efforts are focused on the proposal of a decentralized network that brings together public agencies, private companies, universities and social capital companies, which would be called the Blockchain Network of Mexico, and would have as main objective to achieve a consensus among the different actors of the Mexican financial and bitcoiner community.

United Arab Emirates, Finance and Blockchain: it’s the first country in the Middle East to announce the implementation of a strategy to transform the country’s manual transactions into digital and decentralized processes. Under the name of Blockchain Strategy 2021, a project was announced that it is intended to change the manual work of at least half of federal transactions to a decentralized network of cryptoassets, a strategy with which they intend to save more than $ 3 billion per year in management of documents and eliminate more than 77 million as manual labor expenses.

The project seeks to make the most of the avant-garde represented by the innovations made in Dubai, a city that in 2016 set out to become the world’s first smart city by 2020, a challenge that is sought through the so-called Blockchain Strategy of Smart Dubai, for which it has allies such as Consensys and IBM.

Colombia, Blockchain development: Colombia is measured by the implementation of disruptive technologies such as Blockchain, in order to improve the performance of some government entities, as expressed by the Ministry of Information and Communications Technologies (MinTIC), who made public their plans for the promotion of these technologies.

In reference to property registration, the National Land Agency of Colombia is working on the implementation of a project developed by the National University of Colombia in partnership with the Spanish company UST Global, funded by the Ministry of Communications and Transportation, which consists of a pilot for the registration of land, worked in particular in order to reduce the times in the process of the Land Restitution program, which is part of the peace agreements signed in 2016. The project was built on the Blockchain of Ethereum, due to its ductility.

Other countries with Blockchain initiatives

  • Estonia: in this country virtually all public services are linked digitally through an interoperability platform called X-Road, backed by Blockchain.
  • South Korea: has positioned itself as a power in the use of this technology.
  • Japan: at the beginning of last year it legalized Bitcoin as payment method.
  • China: its courts have accepted registrations in Blockchain as recognized evidence before the Chinese courts.
  • United States: The General Services Administration (GSA) has launched a program called Blockchain for anyone interested in exploring distributed accounting technology and its potential implementation within government.
  • Spain: the project developed by the City Council of Alcobendas stands out in this country, the voting system for citizen participation based on Blockchain technology, which was presented at the IV Congress of Smart Cities, a communication by its authors in May, 2018.

But the implementation of this global initiative is not limited to large countries and institutions, small countries such as Singapore, Mauritius, Bermuda or Serbia have already participated in international forums with initiatives in the use of this digital technology.

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