BLOCKCHAIN & MACHINE LEARNING
PROVEN, INTELLIGENT EXCHANGE OF VALUE
Underneath the hype and hysteria lies a potentially game-changing technology, the proliferation of which will require a change in mindset and approach. Initially, the key to unlocking the true potential of blockchain is separating the notion of blockchain, and the platforms, such as bitcoin, that sit on top of it.
Like the numerous radical technologies of the past, blockchain adoption has been slow, with much trepidation from organisations and governments. To some extent, this is fair since blockchain isn’t right for every situation. There exist several key characteristics of a use case which need to be present to get the full value out of blockchain technology – as well as some myths which need to be dispelled.
Blockchain can be leveraged as a platform to bring together different levels of government by essentially allowing reliable and open integration across various government services while providing a common regulatory mechanism. In addition, Machine Learning-based solutions can enable better insights driven by statistical analysis which continuously improves and learns over time.
Some key examples where eBlueprint has provided leadership was working with the Department of Education in developing solutions to improve data stewardship while reducing overall costs between agencies using smart contracts; and leveraging machine learning to collect behavioural data to predict mental health issues using IBM Watson.
We see Blockchain as a new way to use and interact with government data, providing trust and provenance, and is a technology we are investing heavily into.