Blockchain-based solutions hold enormous potential for government agencies. Federal leaders understand that blockchain could help their agencies effectively deliver public services, process payments, share data securely, reduce inefficiencies in the supply chain, and more. Yet, as they start to pilot public-sector applications using this emerging technology, chief information officers may have preconceived notions about what blockchain is, what it isn’t, and what it can help them achieve.
Here are five key myths about blockchain for federal organizations—and the reality.