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Digital Governance & Blockchain Technology
Digital governance is the act of establishing set roles, rules, and regulations within the digital space. So, it basically means setting up the rules of online activities. In this particular case, it’s the implementation of agreed-upon rules within blockchain technology.
A blockchain is fundamentally created without a single entity controlling the system. In order to complete any given task a decentralized network relies on a number of computers. Because of this, people more-or-less can run rogue. The accountability that exists within the community is the glue that strengthens the inherent benefit of the technology. (For more in-depth information, read our What the FAQ? Guide!)
Estonia Enacts Rules Regarding Digital Governance
Estonia is at the forefront of European implementation of blockchain technology. Since 2003, it has lived in a digital world, setting the rules for digital governance in the country. Moreover, an extremely popular rule was enacted a number of years ago. It essentially states that once the government has asked for a specific piece of information, it may not ask again.
After reclaiming independence in 1991, trust is high with the government in Estonia. Thanks to these specific elements, the government was able to lay the groundwork for implementing new digital technologies. Blockchain is such a useful tool and has so many different applications, that it’s almost silly not to utilize the technology, if the systems are already in place.
The Baltic state has really set a precedence for other countries of Europe to follow suit. And, establishing digital governance is beneficial to all parties. Disproportionate responsibility no longer exists. Instead, both parties equally share in the trust and responsibility of any given digital transaction! Blockchain is easily the way to implement digital accountability both now and in the future!