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Blockchain Technology
is agile in its work flow, especially in the government sector, where it needs to be
validated, regulated and adopted. The success factors of such an initiative include
the collaboration of leadership, funding, government and citizens. Coordination of
stakeholders like urban local bodies, the state and the central body for data shar
ing will be a major requirement to create a reliable database for efficient function
ing through interoperability. But, the adoption of new technology like blockchain
won’t be without any hurdles, especially in the public sector, where it is necessary
to be certified, regulated and accepted. In order to harness the power of the new
blockchain and reach the level of greater implementation, a strategic approach that
includes distribution policy, management, environmental development, talent nur
turing, educational focus and awareness building is required to drive a mind-set for
change of trust with government authorities and citizens. In conclusion, blockchain
presents a promising opportunity for India, which will completely change the way
government organizations work (PricewaterhouseCoopers, 2018).
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