Applicability of Blockchain in the public sector

Abstract

In this article we will present the basic functioning of blockchain technology, considered one of the most promising technologies today, and some initiatives for possible applications in the public sector. We will seek to show its possible impact, the benefits of its use, as well as the challenges to be observed for the broad implementation of this technology. We highlight the rise of blockchain technology as a disruptive tool, indicating a growing interest and investment in the use of technology in the public sector of several countries, analyzing specific use cases, such as: the project of a global traveler identification system, an initiative of the Forum World Economy, the American project to monitor the health of the population, an initiative of the Center for Disease Control and Prevention (CDC) in the United States, and the privatization of the BNDES – National Development Bank, a project initiated by the BNDES, in Brazil. It is concluded that the use of blockchain technology has the potential to improve the execution of government processes, but we emphasize the need for continuous efforts to overcome obstacles and maximize its potential.