Former US Head of Intelligence Shows Interest in Blockchain

In the past several months, the popularity of blockchain technology has soared to unprecedented levels and is beginning to garner attention from more than just tech enthusiasts, with some of the most influential members of society discussing the technology for a range of industries.

South Korea has already established itself as a key destination for the tech industry and is now cementing itself as a leader in blockchain technology.

Little is talked about regarding the applications of blockchain technology in the public sector.

Using blockchain technology for record keeping would make the entire process more accessible, and most importantly, more secure-making voting processes less open to fraud, speeding up bureaucratic processes that can often be drawn out needlessly and keeping accurate records that can be made easily accessible by a concerned public.

One of blockchain technology's main features is its ability to cut out middlemen and intermediates, thus drastically reducing costs.

Many government organizations are already beginning to realize the potential of blockchain technology.

The U.S., for example, has already witnessed multiple federal agencies-ranging from the General Services Administration and the Department of Homeland Security to the Health and Human Services Department-announcing new blockchain programs.

Regardless of the type of transaction or assets involved, blockchain technology has the potential to provide value.

Of course, we're still in the very early stages of blockchain technology.

Because most of blockchain's applications happen behind the scenes, and well away from the public eye, it's vastly unlikely that blockchain technology will be "The next internet." That said, as the technology continues to develop, there is little doubt that we will be in for some pretty major changes over the next couple of years.