Selected Readings on Blockchain Technology and Its Potential for Transforming Governance


By Prianka Srinivasan, Robert Montano, Andrew Young, and Stefaan G. Verhulst

The Living Library’s Selected Readings series seeks to build a knowledge base on innovative approaches for improving the effectiveness and legitimacy of governance. This curated and annotated collection of recommended works on the topic of blockchain and governance was originally published in 2017.

Introduction

In 2008, an unknown source calling itself Satoshi Nakamoto released a paper named Bitcoin: A Peer-to-Peer Electronic Cash System which introduced blockchain technology. Blockchain is a novel system that uses a distributed ledger to record transactions and ensure compliance. Blockchain technology relies on an ability to act as a vast, transparent, and secure public database.

It has since gained recognition as a tool to transform governance by creating a decentralized system to

  • manage and protect identity,
  • trace and track; and
  • incentivize smarter social and business contracts.

These applications cast blockchain as a tool to confront certain public problems in the digital age.

The readings below represent selected readings on the applications for governance. They have been categorized by theme – Governance Applications, Identity Protection and ManagementTracing and Tracking, and Smart Contracts.

Selected Reading List

Governance Applications

  • Atzori, Marcella – The Center for Blockchain Technologies (2015) Blockchain Technology and Decentralized Governance: Is the State Still Necessary?  Aims to investigate the political applications of blockchain, particularly in encouraging government decentralization by considering to what extent blockchain can be viewed as “hyper-political tools.” The paper suggests that the domination of private bodies in blockchain systems highlights the continued need for the State to remain as a central point of coordination.
  • Boucher, Philip. – European Parliamentary Research Service (2017) How blockchain technology could change our lives  This report commissioned by the European Parliamentary Research Service provides a deep introduction to blockchain theory and its applications to society and political systems, providing 2 page briefings on currencies, digital content, patents, e-voting, smart contracts, supply chains, and blockchain states.
  • Boucher, Philip. – Euroscientist (2017) Are Blockchain Applications Guided by Social Values?  This report by a policy analyst at the European Parliament’s Scientific foresight unit, evaluates the social and moral contours of blockchain technology, arguing that “all technologies have value and politics,” and blockchain is no exception. Calls for greater scrutiny on the possibility for blockchain to act as a truly distributed and transparent system without a “middleman.”
  • Cheng, Steve;  Daub, Matthew; Domeyer, Axel; and Lundqvist, Martin –McKinsey & Company (2017)  Using Blockchain to Improve Data Management in the Public SectorThis essay considers the potential uses of blockchain technology for the public sector to improve the security of sensitive information collected by governments and as a way to simplify communication with specialists.
  • De Filippi, Primavera; and Wright, Aaron –Paris University & Cordoza School of Law (2015)  Decentralized Blockchain Technology and the Rise of Lex Cryptographia – Looks at how to regulate blockchain technology, particularly given its implications on governance and society. Argues that a new legal framework needs to emerge to take into account the applications of self-executing blockchain technology.
  • Liebenau, Jonathan and Elaluf-Calderwood, Silvia Monica. – London School of Economics & Florida International University (2016) Blockchain Innovation Beyond Bitcoin and Banking. A paper that explores the potential of blockchain technology in financial services and in broader digital applications, considers regulatory possibility and frameworks, and highlights the innovative potential of blockchain.
  • Prpić, John – Lulea University of Technology (2017) Unpacking Blockchains – This short paper provides a brief introduction to the use of Blockchain outside monetary purposes, breaking down its function as a digital ledger and transaction platform.
  • Stark, Josh – Ledger Labs (2016) Making Sense of Blockchain Governance Applications This CoinDesk article discusses, in simple terms, how blockchain technology can be used to accomplish what is called “the three basic functions of governance.”
  • UK Government Chief Scientific Adviser (2016)  Distributed Ledger Technology: Beyond Blockchain – A report from the UK Government that investigates the use of blockchain’s “distributed leger” as a database for governments and other institutions to adopt.

Identity Protection and Management

  • Baars, D.S. – University of Twente (2016Towards Self-Sovereign Identity Using Blockchain Technology.  A study exploring self-sovereign identity – i.e. the ability of users to control their own digital identity – that led to the creation of a new architecture designed for users to manage their digital ID. Called the Decentralized Identity Management System, it is built on blockchain technology and is based on the concept of claim-based identity.
  • Burger, Eric and Sullivan, Clare Linda. – Georgetown University (2016) E-Residency and Blockchain. A case study focused on an Estonian commercial initiative that allows for citizens of any nation to become an “Estonian E-Resident.” This paper explores the legal, policy, and technical implications of the program and considers its impact on the way identity information is controlled and authenticated.
  • Nathan, Oz; Pentland, Alex ‘Sandy’; and Zyskind, Guy – Security and Privacy Workshops (2015) Decentralizing Privacy: Using Blockchain to Protect Personal Data Describes the potential of blockchain technology to create a decentralized personal data management system, making third-party personal data collection redundant.
  • De Filippi, Primavera – Paris University (2016) The Interplay Between Decentralization and Privacy: The Case of Blockchain Technologies  A journal entry that weighs the radical transparency of blockchain technology against privacy concerns for its users, finding that the apparent dichotomy is not as at conflict with itself as it may first appear.

Tracing and Tracking

  • Barnes, Andrew; Brake, Christopher; and Perry, Thomas – Plymouth University (2016) Digital Voting with the use of Blockchain Technology – A report investigating the potential of blockchain technology to overcome issues surrounding digital voting, from voter fraud, data security and defense against cyber attacks. Proposes a blockchain voting system that can safely and robustly manage these challenges for digital voting.
  • The Economist (2015), “Blockchains The Great Chain of Being Sure About Things.”  An exploratory article that explores the potential usefulness of a blockchain-based land registry in places like Honduras and Greece, transaction registries for trading stock, and the creation of smart contracts.
  • Lin, Wendy; McDonnell, Colin; and Yuan, Ben – Massachusetts Institute of Technology (2015)  Blockchains and electronic health records. – Suggests the “durable transaction ledger” fundamental to blockchain has wide applicability in electronic medical record management. Also, evaluates some of the practical shortcomings in implementing the system across the US health industry.

Smart Contracts

  • Iansiti, Marco; and Lakhani, Karim R. – Harvard Business Review (2017) The Truth about Blockchain – A Harvard Business Review article exploring how blockchain technology can create secure and transparent digital contracts, and what effect this may have on the economy and businesses.
  • Levy, Karen E.C. – Engaging Science, Technology, and Society (2017) Book-Smart, Not Street-Smart: Blockchain-Based Smart Contracts and The Social Workings of Law. Article exploring the concept of blockchain-based “smart contracts” – contracts that securely automate and execute obligations without a centralized authority – and discusses the tension between law, social norms, and contracts with an eye toward social equality and fairness.

Annotated Selected Reading List

Cheng, Steve, Matthias Daub, Axel Domeyer, and Martin Lundqvist. “Using blockchain to improve data management in the public sector.” McKinsey & Company. Web. 03 Apr. 2017. http://bit.ly/2nWgomw

  • An essay arguing that blockchain is useful outside of financial institutions for government agencies, particularly those that store sensitive information such as birth and death dates or information about marital status, business licensing, property transfers, and criminal activity.
  • Blockchain technology would maintain the security of such sensitive information while also making it easier for agencies to use and access critical public-sector information.
  • Despite its potential, a significant drawback for use by government agencies is the speed with which blockchain has developed – there are no accepted standards for blockchain technologies or the networks that operate them; and because many providers are start-ups, agencies might struggle to find partners that will have lasting power. Additionally, government agencies will have to remain vigilant to ensure the security of data.
  • Although best practices will take some time to develop, this piece argues that the time is now for experimentation – and that governments would be wise to include blockchain in their strategies to learn what methods work best and uncover how to best unlock the potential of blockchain.

“The Great Chain of Being Sure About Things.” The Economist. The Economist Newspaper, 31 Oct. 2015. Web. 03 Apr. 2017. http://econ.st/1M3kLnr

  • This is an exploratory article written in The Economist that examines the various potential uses of blockchain technology beyond its initial focus on bitcoin:
    • It highlights the potential of blockchain-based land registries as a way to curb human rights abuses and insecurity in much of the world (it specifically cites examples in Greece and Honduras);
    • It also highlights the relative security of blockchain while noting its openness;
    • It is useful as a primer for how blockchain functions as tool for a non-specialist;
    • Discusses “smart contracts” (about which we have linked more research above);
    • Analyzes potential risks;
    • And considers the potential future unlocked by blockchain
  • This article is particularly useful as a primer into the various capabilities and potential of blockchain for interested researchers who may not have a detailed knowledge of the technology or for those seeking for an introduction.

Iansiti, Marco and Lakhani, Karim R. “The Truth About Blockchain.” Harvard Business Review. N.p., 17 Feb. 2017. Web. 06 Apr. 2017. http://bit.ly/2hqo3FU

  • This entry into the Harvard Business Review discusses blockchain’s ability to solve the gap between emerging technological progress and the outdated ways in which bureaucracies handle and record contracts and transactions.
  • Blockchain, the authors argue, allows us to imagine a world in which “contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision”, allowing for the removal of intermediaries and facilitating direct interactions between individuals and institutions.
  • The authors compare the emergence of blockchain to other technologies that have had transformative power, such as TCP/IP, and consider the speed with which they have proliferated and become mainstream.
    • They argue that like TCP/IP, blockchain is likely decades away from maximizing its potential and offer frameworks for the adoption of the technology involving both single-use, localization, substitution, and transformation.
    • Using these frameworks and comparisons, the authors present an investment strategy for those interested in blockchain.

IBM Global Business Services Public Sector Team. “Blockchain: The Chain of Trust and its Potential to Transform Healthcare – Our Point of View.” IBM. 2016. http://bit.ly/2oBJDLw

  • This enthusiastic business report from IBM suggests that blockchain technology can be adopted by the healthcare industry to “solve” challenges healthcare professionals face. This is primarily achieved by blockchain’s ability to streamline transactions by establishing trust, accountability, and transparency.
  • Structured around so-called “pain-points” in the healthcare industry, and how blockchain can confront them, the paper looks at 3 concepts and their application in the healthcare industry:
    • Bit-string cryptography: Improves privacy and security concerns in healthcare, by supporting data encryption and enforces complex data permission systems. This allows healthcare professionals to share data without risking the privacy of patients. It also streamlines data management systems, saving money and improving efficiency.
    • Transaction Validity: This feature promotes the use of electronic prescriptions by allowing transactional trust and authenticated data exchange. Abuse is reduced, and abusers are more easily identified.
    • Smart contracts: This streamlines the procurement and contracting qualms in healthcare by reducing intermediaries. Creates a more efficient and transparent healthcare system.
  • The paper goes on to signal the limitations of blockchain in certain use cases (particularly in low-value, high-volume transactions) but highlights 3 use cases where blockchain can help address a business problem in the healthcare industry.
  • Important to keep in mind that, since this paper is geared toward business applications of blockchain through the lens of IBM’s investments, the problems are drafted as business/transactional problems, where blockchain primarily improves efficiency than supporting patient outcomes.

Nathan, Oz; Pentland, Alex ‘Sandy’; and Zyskind, Guy “Decentralizing Privacy: Using Blockchain to Protect Personal Data” Security and Privacy Workshops (SPW). 2015. http://bit.ly/2nPo4r6

  • This technical paper suggests that anonymization and centralized systems can never provide complete security for personal data, and only blockchain technology, by creating a decentralized data management system, can overcome these privacy issues.
  • The authors identify 3 common privacy concerns that blockchain technology can address:
    • Data ownership: users want to own and control their personal data, and data management systems must acknowledge this.
    • Data transparency and auditability: users want to know what data is been collected and for what purpose.
    • Fine-grained access control: users want to be able to easily update and adapt their permission settings to control how and when third-party organizations access their data.
  • The authors propose their own system designed for mobile phones which integrates blockchain technology to store data in a reliable way. The entire system uses blockchain to store data, verify users through a digital signature when they want to access data, and creates a user interface that individuals  can access to view their personal data.
  • Though much of the body of this paper includes technical details on the setup of this blockchain data management system, it provides a strong case for how blockchain technology can be practically implemented to assuage privacy concerns among the public. The authors highlight that by using blockchain “laws and regulations could be programmed into the blockchain itself, so that they are enforced automatically.” They ultimately conclude that using blockchain in such a data protection system such as the one they propose is easier, safer, and more accountable.

Wright, Aaron, and Primavera De Filippi. “Decentralized blockchain technology and the rise of lex cryptographia.” 2015. Available at SSRN http://bit.ly/2oujvoG

  • This paper proposes that the emergence of blockchain technology, and its various applications (decentralized currencies, self-executing contracts, smart property etc.), will necessitate the creation of a new subset of laws, termed by the authors as “Lex Cryptographia.”
  • Considering the ability for blockchain to “cut out the middleman” there exist concrete challenges to law enforcement faced by the coming digital revolution brought by the technology. These encompass the very benefits of blockchain; for instance, the authors posit that the decentralized, autonomous nature of blockchain systems can act much like “a biological virus or an uncontrollable force of nature” if the system was ill-intentioned. Though this same system can regulate the problems of corruption and hierarchy associated with traditional, centralized systems, their autonomy poses an obvious obstacle for law-enforcement.
  • The paper goes on to details all the possible benefits and societal impacts of various applications of blockchain, finally suggesting there exists a need to “rethink” traditional models of regulating society and individuals. They predict a rise in Lex Cryptographia “characterized by a set of rules administered through self-executing smart contracts and decentralized (and potentially autonomous) organizations.” Much of these regulations depend upon the need to supervise restrictions placed upon blockchain technology that may chill its application, for instance corporations who may choose to purposefully avoid including any blockchain-based applications in their search engines so as to stymie the adoption of this technology.

Networked Governance: New Research Perspectives


Book edited by Betina Hollstein, Wenzel Matiaske and Kai-Uwe Schnapp: “This edited volume seeks to explore established as well as emergent forms of governance by combining social network analysis and governance research. In doing so, contributions take into account the increasingly complex forms which governance faces, consisting of different  types of actors (e.g. individuals, states, economic entities, NGOs, IGOs), instruments (e.g. law, suggestions, flexible norms) and arenas from the local up to the global level, and which more and more questions theoretical models that have focused primarily on markets and hierarchies. The topics addressed in this volume are processes of coordination, arriving at and implementing decisions taking place in network(ed) (social) structures; such as governance of work relations, of financial markets, of innovation and politics. These processes are investigated and discussed from sociologists’, political scientists’ and economists’ viewpoints….(More)”.

Realising the Data Revolution for Sustainable Development: Towards Capacity Development 4.0


Report by Niels Keijzer and Stephan Klingebiel for Paris21: “An ever-deepening data revolution is shaping everyday lives in many parts of the world. As just one of many mindboggling statistics on Big Data, it has been estimated that by the year 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet. The benefits of the data revolution extend to different groups of people, social movements, institutions and businesses. Yet many people and countries do not have access to these positive benefits and in richer countries potentially positive changes raise suspicion amongst citizens as well as concerns related to privacy and confidentiality. The availability of potential advantages is, to a large extent, guided by levels of development and income. Despite the rapid spread of mobile phone technology that allows regions otherwise disconnected from the grid to ‘leapfrog’ in terms of using and producing data and statistics, poor people are still less likely to benefit from the dramatic changes in the field of data.

Against the background of the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs), the main challenge for statistics is to manage the data revolution in support of sustainable development. The main priorities are the broadening and deepening of production, dissemination and use of data and statistics, and achieving them requires identifying those population groups which are most vulnerable and making governments more accountable to their citizens. In parallel, the risks accompanying the data revolution need to be mitigated and reduced, including the use of data for purposes of repression or otherwise infringing on the privacy of citizens. In addition to representing a universal agenda that breaks away from the dichotomy of developed and developing countries, the new agenda calls for tailor-made approaches in each country or region concerned, supported by global actions. The 2030 Agenda further states the international community’s realisation of the need to move away from ‘business as usual’ in international support for data and statistics.

The most important driving forces shaping the data revolution are domestic (legal) frameworks and public policies across the globe. This applies not only to wealthier countries but also developing countries2 , and external support cannot compensate for absent domestic leadership and investment. Technical, legal and political factors all affect whether countries are willing and able to succeed in benefiting from the data revolution. However, in both low income countries and lower-middle income countries, and to some extent in upper-middle income countries, we can observe two constraining factors in this regard, capacities and funding. These factors are, to some degree, interrelated: if funding is not sufficiently available it might be difficult to increase the capacities required, and if capacities are insufficient funding issues might be more challenging….(More)”

Confused by data visualisation? Here’s how to cope in a world of many features


 in The Conversation: “The late data visionary Hans Rosling mesmerised the world with his work, contributing to a more informed society. Rosling used global health data to paint a stunning picture of how our world is a better place now than it was in the past, bringing hope through data.

Now more than ever, data are collected from every aspect of our lives. From social media and advertising to artificial intelligence and automated systems, understanding and parsing information have become highly valuable skills. But we often overlook the importance of knowing how to communicate data to peers and to the public in an effective, meaningful way.

The first tools that come to mind in considering how to best communicate data – especially statistics – are graphs and scatter plots. These simple visuals help us understand elementary causes and consequences, trends and so on. They are invaluable and have an important role in disseminating knowledge.

Data visualisation can take many other forms, just as data itself can be interpreted in many different ways. It can be used to highlight important achievements, as Bill and Melinda Gates have shown with their annual letters in which their main results and aspirations are creatively displayed.

Everyone has the potential to better explore data sets and provide more thorough, yet simple, representations of facts. But how can do we do this when faced with daunting levels of complex data?

A world of too many features

We can start by breaking the data down. Any data set consists of two main elements: samples and features. The former correspond to individual elements in a group; the latter are the characteristics they share….

Venturing into network analysis is easier than undertaking dimensionality reduction, since usually a high level of programming skills is not required. Widely available user-friendly software and tutorials allow people new to data visualisation to explore several aspects of network science.

The world of data visualisation is vast and it goes way beyond what has been introduced here, but those who actually reap its benefits, garnering new insights and becoming agents of positive and efficient change, are few. In an age of overwhelming information, knowing how to communicate data can make a difference – and it can help keep data’s relevance in check…(More)”

Trust and Public Policy – How Better Governance Can Help Rebuild Public Trust


New Report by the OECD: “Trust plays a very tangible role in the effectiveness of government. Few perceptions are more palpable than that of trust or its absence. Governments ignore this at their peril. Yet, public trust has been eroding just when policy makers need it most, given persistent unemployment, rising inequality and a variety of global pressures. This report examines the influence of trust on policy making and explores some of the steps governments can take to strengthen public trust…(More)”

The Routledge Handbook of Global Public Policy and Administration


Book edited by Thomas R. Klassen, Denita Cepiku, T. J. Lah: “…a comprehensive leading-edge guide for students, scholars and practitioners of public policy and administration. Public policy and administration are key aspects of modern societies that affect the daily lives of all citizens. This handbook examines current trends and reforms in public policy and administration, such as financial regulation, risk management, public health, e-government and many others at the local, national and international levels. The two themes of the book are that public policy and administration have acquired an important global aspect, and that a critical role for government is the regulation of capital.

The handbook is organized into three thematic sections – Contemporary Challenges, Policy and Administration Responses and Forging a Resilient Public Administration – to allow readers to quickly access knowledge and improve their understanding of topics. The opening chapter, introductions to sections and extensive glossary aid readers to most effectively learn from the book. Each chapter provides a balanced overview of current knowledge, identifying issues and discussing relevant debates. The book is written by authors from Europe, Asia, North and South America, Africa and Australia….(More)’

Fighting famine with mobile data


Steve Schwartz at Tableau: “For most people, asking about the price of a bag of rice is inconsequential. For Moustapha Toure, it is a question of life and death for thousands.

A Vulnerability Analysis and Mapping (VAM) Officer with the United Nations World Food Programme (WFP) in Maiduguri, Nigeria, Moustapha and his team are currently collecting price data and assessing food security in a corner of the country wracked by the effects of the Boko Haram insurgency.

When the conflict broke out in 2009, the threat of violence made it difficult for humanitarian workers like Moustapha to access the communities they serve.

“The security situation made it impossible for the team to go to local markets, talk to vendors, or even chat with people in their homes—all the things they usually do to gather data on local food prices,” said the WFP Nigeria Country Director, Ronald Sibanda.

To overcome this challenge, WFP, in collaboration with the Nigerian National Emergency Management Agency (NEMA), turned to an innovative new approach for collecting data via mobile phones, known as mobile Vulnerability Analysis and Mapping (mVAM). Using mVAM, WFP and its partners can remotely collect food security and price data. Not only does this approach provide a way to hear from people in inaccessible areas, but it also makes near real-time reporting to local decision-makers possible. That means WFP staff like Moustapha are able to make reliable, data-informed decisions that may impact the lives of more than one million people across the affected Nigerian states.

A Vital Lifeline for a Looming Famine

The mVAM team could be in demand now more than ever. Along with Yemen, Somalia, and South Sudan, Nigeria is one of the four countries at risk of famine. Stephen O’Brien, the United Nation’s Emergency Relief Coordinator, recently described this global food security emergency as the most serious humanitarian crisis since the Second World War.

For seven years, the Boko Haram conflict has affected communities in north-eastern Nigeria, leaving some 5.1 million people food insecure in Borno, Yobe and Adamawa states and forcing an estimated 1.9 million people to leave behind their homes, land, and livelihoods.

Without this remotely-collected information, little would be known about these areas and how the conflict is affecting food security. However, this data—collected on a regular basis—actually presents a unique opportunity. In the new system, WFP’s VAM team can take a leap forward from traditional PDF reports which take at least a few weeks, to produce a near real-time look at the situation on the ground…(More)”.

Big Data and the Well-Being of Women and Girls: Applications on the Social Scientific Frontier


Report by Bapu Vaitla et al for Data2X: “Conventional forms of data—household surveys, national economic accounts, institutional records, and so on—struggle to capture detailed information on the lives of women and girls. The many forms of big data, from geospatial information to digital transaction logs to records of internet activity, can help close the global gender data gap. This report profiles several big data projects that quantify the economic, social, and health status of women and girls…

This report illustrates the potential of big data in filling the global gender data gap. The rise of big data, however, does not mean that traditional sources of data will become less important. On the contrary, the successful implementation of big data approaches requires investment in proven methods of social scientific research, especially for validation and bias correction of big datasets. More broadly, the invisibility of women and girls in national and international data systems is a political, not solely a technical, problem. In the best case, the current “data revolution” will be reimagined as a step towards better “data governance”: a process through which novel types of information catalyze the creation of new partnerships to advocate for scientific, policy, and political reforms that include women and girls in all spheres of social and economic life….(More)”.

Civic Tech & GovTech: An Overlooked Lucrative Opportunity for Technology Startups


Elena Mesropyan at LTP: “Civic technology, or Civic Tech, is defined as a technology that enables greater participation in government or otherwise assists government in delivering citizen services and strengthening ties with the public. In other words, Civic Tech is where the public lends its talents, usually voluntarily, to help government do a better job. Moreover, Omidyar Network(which invested over $90 million across 35 civic tech organizations over the past decade) emphasizes that like a movement, civic tech is mission-driven, focused on making a change that benefits the public, and in most cases enables better public input into decision making.

As an emerging sector, Civic Tech is defined as incorporating any technology that is used to empower citizens or help make government more accessible, efficient, and effective. Civic tech isn’t just talk, Omidyar notes, it is a community of people coming together to create tangible projects and take action. The civic tech and open data movements have grown with the ubiquity of personal technology.

Civic tech can be defined as a convergence of various fields. An example of such convergence has been given by Knight Foundation, a national foundation with a goal to foster informed and engaged communities to power a healthy democracy:

Civic Tech & GovTech: An Overlooked Lucrative Opportunity for Technology Startups

Source: The Emergence of Civic Tech: Investments in a Growing Field

In the report called Engines of Change: What Civic Tech Can Learn From Social Movements, Civic Tech is divided into three categories:

  • Citizen to Citizen (C2C): Technology that improves citizen mobilization or improves connections between citizens
  • Citizen to Government (C2G): Technology that improves the frequency or quality of interaction between citizens and government
  • Government Technology (Govtech): Innovative technology solutions that make government more efficient and effective at service delivery

In 2015, Forbes reported that Civic Tech makes up almost a quarter of local and state government spendings on technology….

Civic tech initiatives address a diverse range of industries – from energy and payments to agriculture and telecommunications. Mattermark outlines the following top ten industries associated with government and civic tech:

…There are certainly much more examples of GovTech/civic tech companies, and just tech startups offering solutions across the board that can significantly improve the way governments are run, and services are delivered to citizens and businesses. More importantly, GovTech should no longer be considered a charity and solely non-profit type of venture. Recently reviewed global P2G payments flows only, for example, are estimated to be at $7.7 trillion and represent a significant feature of the global payments landscape. For the low- and lower-middle-income countries alone, the number hits $375 billion (~50% of annual government expenditure)….(More)”