Japan Tests Blockchain for Contract System!

Japan has announced that they want to integrate Blockchain into their online government contract systems.

According to the news of Nikkei Asian Review, the Ministry of Internal Affairs and Communications, which oversees the Japanese administrative system and is responsible for local governments, is from this April to March 2018. It is testing a Blockchain-based system for government tenders until now.

Governments request quotes for contracts from vendors during the tendering process. Thanks to the project, this data will be kept in the infrastructure of the Blockchain. Japanese authorities want to connect the necessary government departments using Blockchain technology and see if the efficiency of existing processes can improve. If approved, Blockchain technology will form the background of the software of the system used for data transfer between agencies.

According to Nikkei, making use of Blockchain technology in e-government systems is actually a strategy. strong> de part. He says that the government plans to share the information obtained as a result of the research with its partners in the private sector.

Japan is not the only country working in this field. As in our latest Ukraine news, we see that states from all over the world are taking steps for such trials. We think that the spread of blockchain has had the same effect on cryptocurrencies.

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