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With more than 145,000 people in over 40 countries, Capgemini is one of the world’s foremost providers of consulting, technology and outsourcing services. The Group reported 2014 global revenues of EUR 10.573 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.

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01/29/2016
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By Cliff Evans

Blockchain and the Public Sector – as much a new business model as a new technology

Blockchain and the Public Sector – as much a new business model as a new technology
By Cliff Evans

Blockchain and the Public Sector – as much a new business model as a new technology

Blockchain and the Public Sector – as much a new business model as a new technology

The report last week by Sir Mark Walport, the Government Chief Scientific Advisor, arguing that blockchain provides a future platform for Government brings into focus the opportunity from this rapidly emerging technology. At one level crypto-currencies have the ability to create alternative value transfer mechanisms which support the localisation of services and economies, whilst at another level the blockchain technology itself can create new services and remove the need for traditional centralised processing platforms. The pace of investment in blockchain is huge, driven by the financial services industry which sees it as a threat to its current model (and systems),  as well as an opportunity to operate differently and provide a step change in consumer facing services (real time payments, smart contracts, new ID management models).

However, we need to be clear that it’s not just new technology, rather it is a new operating model, ie:

  • From centralised processing and authorisation to distributed processing and consensus
  • From secure protected platforms to processing in the cloud using cryptography and distribution for security
  • From private ledgers to public ledgers

So we can see the opportunity at a number of levels:

  • Re-imagine centralised processing services (HMRC, DWP) into distributed open models
  • Empower networks of common services (NHS, Local Authorities) with a network model which allows effective sharing of services, data and processes, enabling dramatic reductions in duplications of systems and services (something Government has been trying to do for the last 15 years)
  • Create new automated services for value exchange between government entities and across the boundary with 3rd parties (e.g. using Smart contracts for VAT calculation and collection, or for property registers and transactions)

So the opportunity is huge and imminent but to grasp it we need to think about fundamental changes to ways of working rather than just new technology.


This article was written by Cliff Evans from CapGemini: Capping IT Off and was legally licensed through the NewsCred publisher network.

There are 2 comments

  • Blockchain and the Public Sector – as muc... 01/30/2016 10:16
    […] The pace of investment in blockchain is huge, driven by the financial services industry which sees it as a threat to its current model (and systems), as well as an opportunity to operate differently and provide a step change in consumer facing services  […]

  • Blockchain and the Public Sector – as muc... 01/29/2016 23:38
    […] business strategy, public sector, Technology and Transformation  […]

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