The GovChain Project is a wonderful project that aims to paint an accurate picture of the state of implementation and regulatory treatment of blockchain by the public sector around the world. Using a traffic light rating system, the report provides a rough guide to the varying levels of blockchain adoption across the targeted jurisdictions, identifying emerging patterns and trends.
We had the pleasure of interviewing two of the co-founders of this project:
* Lucie Munier is the co-founder and lead project manager at the GovChain project. She has worked in the blockchain space for over two years now and was formerly working at Qadre, the main sponsors of this project. She is now manager of the Sharing Economy UK.
* Lavan Thasarathakumar a former advisor at the European Parliament where Lavan specialised mainly on economic and military affairs and within that more specifically on emerging technology. Since August 2017, he set up Thasa Consulting which provides advisory services on emerging tech policy for government, supranational organisations and firms. As part of that he is a consultant at Hogan Lovells working within the Tech Hub. Lavan is a co-founder of the GovChain Project.
What is blockchain?
Blockchain isn’t particularly a new technology. It’s actually a combination of technologies we’ve had around for decades. It’s the combination of these technologies that is novel. Blockchain is a shared database, distributed among several devices, also known as nodes and uses cryptography to ensure immutability and accountability. Immutability is defined as once a piece of information is stored in the blockchain, it's impossible or very difficult to change that piece of information. Accountability is defined as visibility across the whole network, so people can see what transactions have happened, and where the information is stored.
What is the GovChain project?
GovChain is a publication that aims to paint an accurate picture of the state of implementation and regulatory treatment of blockchain technology by the public sector around the world.
GovChain team mapped out the regulatory and policy environment across over 20 jurisdictions to assess their degree of friendliness towards blockchain technology. They spoke directly to policymakers and entrepreneurs who have attempted to implement blockchain within their jurisdiction. They sought to find out what the key drivers were that allowed them to make this change, be at funding, political leadership, policy environment, cultural factors or something else to then draw up recommendations of best practices that other countries can learn from.
In addition to Lavan and Lucie, Helen Disney is the other co-founder of this project. It was born out of a conversation at a conference where the three co-founders realised the lack of information that was available regarding public sector implementation of blockchain. Victor Chatenay was brought into the team to conduct interviews and analysis across all of the jurisdictions.
Public and private sector symbiotic relationship to leverage blockchain
The benefits of a technology like blockchain could be more impactful in the public sector space. But what you do also need is the private sector to come in and innovate...