At the time of writing, the total market size of government software business is estimated to reach around USD 15 billion over the next 3 to 5 years. A lot of progress in society depends on services offered by local government, as well as national-level governments. Some countries, such as the United States, refer to it as the Federal Government. Citizens are dependent on government in one way or another for basic services such as ID enrollment, and obtaining birth and death certificates.
In the following sections, let's try to understand some of the real-world challenges faced by governments across the globe today. We will also observe how to address them with the application of blockchain and AI technologies.
Let's begin by exploring the challenges faced by governments in the taxation domain.
Taxation
To develop a long-lasting economy and to provide public services, governments rely upon levying direct and indirect taxes on its citizens...
