While the private sector is already grappling with the opportunity presented by this rapidly emerging technology, European governments are still slow to embrace its potential.
On one level, cryptocurrencies have the ability to create alternative value transfer mechanisms, which support the localisation of services and promote sharing economies, whilst at another level blockchain technology itself can create new services and reduce the need for traditional, centralised, high-power processing platforms.
the UK government's chief scientific officer Sir Mark Walport
argued for the potential advantages of blockchain in the public
sector, Capgemini releases its eGovernment
Benchmark report urging
Europe's governments to accelerate their push into digital