Recent Progress of Blockchain Initiatives in Government

Abstract

Blockchain is a decentralized and distributed ledger technology that aims to ensure transparency, data security, and integrity. There are rising interest and investment by the governments and industries in Blockchain to deliver significant cost savings and increase efficiency. Identifying Blockchain initiatives that are currently implemented in the government world-wide could improve understanding as well as set benchmarks for specific countries. However, although some review studies on Blockchain initiatives have been carried out, there are very few studies that uncover Blockchain initiatives implemented by the government in Asian countries. Hence, this study reviews Blockchain initiatives in the five-top e-government development index (EGDI) countries in Asia; South Korea, Singapore, Japan, United Arab Emirates, and Cyprus. We strategized our review methods by utilizing relevant keyword searches in existing literature, books, academic journals, conferences, and industrial reports. The results of this study will help other researchers and practitioners to recognize the current stage of Blockchain initiatives in the government of Asian countries.