Public implementation of Blockchain Technology

Type of content
Discussion / Working Papers
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Franklet D
Meriluoto L
Ross G
Scott C
Williams P

This paper discusses the avenues through which a public implementation of blockchain could deliver efficiency gains in the running of a government. We discuss some of the current inefficiencies in recordkeeping and the efficiency improvements that could come about if recordkeeping, including keeping track of tax liability, would be “put on the blockchain”. We discuss some of the current issues with transaction costs and property rights that governments face and how these could be addressed with blockchain. We also discuss issues with asymmetric information in general and moral hazard in particular that are ripe in the delivery of public services and how blockchain could be used to reduce them to achieve efficiency gains and better outcomes for public policy.

blockchain, government, recordkeeping, transaction costs, asymmetric information, principle-agent problem, moral hazard
Ngā upoko tukutuku/Māori subject headings
ANZSRC fields of research
Fields of Research::44 - Human society::4407 - Policy and administration::440708 - Public administration
Field of Research::08 - Information and Computing Sciences::0806 - Information Systems::080609 - Information Systems Management
Fields of Research::46 - Information and computing sciences::4604 - Cybersecurity and privacy::460401 - Cryptography
Fields of Research::38 - Economics::3801 - Applied economics::380115 - Public economics - taxation and revenue