I've been writing for some time about how many governments around the world are racing ahead of the U.S. in exploring and, ultimately, implementing blockchain technology. I think this is important because I believe the technology has the potential to fundamentally change how our economy and our society work - and governments are at the center of making those changes successful for citizens.
I'd like to see the U.S. lead, ideally, or at least be among the leaders in those changes. Otherwise, our economy and our citizens' quality of life will fall behind others - something I fear is already happening.
This article puts into one place an overview of what's happening with blockchain technology around the world. It's a long read, but worth the 10 minutes or so it takes to get a sense of what's happening where, and why you should care.
My bottom line takeaways - the U.S. has major built-in advantages that mean we can still be leaders, we just aren't yet fully using them. China is clearly leading the pack and is making serious investments that are showing signs of potential payoff. Africa may surprise us by leapfrogging all of us. Let me know your thoughts.
“North American governments are racing to leverage the technology behind decentralized ledgers in order to modernize military warehousing, help law enforcement, validate government contract bids and promote transparency of government grants. As more and more elected officials are finally seeing blockchain technology in a positive light, you can expect more pilot projects to be launched in the coming months.”