Governments have long been wary of Bitcoin, while expressing admiration for its innovative ledger system. This trend can be traced back till 2014, when the “blockchain not bitcoin” mantra was coined. Six years on and that sentiment is being backed by action as governments and businesses the world over commission blockchain initiatives. Are these entities genuinely bullish on blockchain? Or are they simply trying to stay relevant and capitalize on tech trends?
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National and Enterprise Blockchain Projects Are Stacking Up
Global governments are falling over themselves to commission blockchain projects. Last week, the Canadian government awarded a contract for steel tracking onchain, and at Davos there was widespread talk of using blockchain for data collection and environmental solutions. “Most Davos experts seem to agree that blockchain tech is best used for data collection rather than self-sovereign finance,” read one media tweet from the…