The conversation about blockchain has changed to the hype of cryptocurrency to the real-world, institutional use. The technology is under consideration in the public sector especially in the unclaimed property systems where it has been identified as a possible corrective to an existing transparency gap. Currently, over $100 billion in funds sit in state accounts, yet many citizens remain skeptical of government data accuracy due to opaque escheatment processes and manual reconciliation hurdles.
Continue reading “Blockchain and Unclaimed Property: Can Distributed Ledgers Solve Government Data Transparency?”
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