That's the glowing foreword to a new report on blockchain and distributed ledger tech issued by the UK government's Chief Scientific Adviser this week.
Taking a positive outlook on the emerging technology, the document recommends a broad government initiative to develop and demonstrate blockchain and distributed ledger technology, one that has caught the attention of the global media while emboldening growing chorus of "blockchain" enthusiasts.
One object of attention was the proposal that the UK government itself should pursue applications of the technology.
Author Mark Walport wrote:
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Distributed ledger technologies have the potential to help governments to collect taxes, deliver benefits, issue passports, record land registries, assure the supply chain of goods and generally ensure the integrity of government records and services
Walport goes on to spell out the advantages for government and other public and private sector organisations, making a number of recommendations to further increase development and adoption of the technologies.
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