Governments may use Ethereum blockchain technology to develop trust, boost accountability and responsiveness, raise efficiency, cut costs, and establish high-performing government operations with more secure, agile, and cost-effective organizations using smart contracts.

Diamonds are one of the most commonly traded and purchased items on the market. Yet, it is often hard to track their history of origin as their certificates can be forged or altered without user’s knowledge. Blockchain technology can solve this issue by creating a decentralised ledger which allows tracking of real diamonds and their origins throughout the whole life cycle.

In some countries, information from public records is not available to general public or requires a fee for access. With blockchain technology, all citizens have free access to these records as they are stored on a decentralized ledger which cannot be altered by any single user. Similarly, artists who create new songs can store their work on the blockchain which enables them to track ownership of their song without going through third-party platforms such as Spotify or Apple Music.

Blockchain technology can be used for the verification of digital votes cast by citizens. This will ensure that each vote is correctly counted and accounted for.

In theory, blockchain technology has the potential to transform government-issued currencies, finance and other governmental services. Benefits include increased transparency and increased efficiency of transactions between citizens and businesses. However, it is important to note that blockchain technology itself doesn’t ensure ‘trust' between parties as there is no central entity which maintains contractual relations between said parties.