TechnoGen has created solutions using a USPTO awarded patent for blockchain distributed ledger technology. Our distributed ledger technologies have the potential to help governments to collect taxes, deliver benefits, issue documents, record land registries, assure the supply chain of goods and generally ensure the integrity of government records and services.
“A blockchain based distributed ledger is essentially an asset database that can be shared across a network of multiple sites, geographies or institutions. All participants within the network can have their own identical copy of the ledger. Any changes to the ledger are reflected in all copies in minutes, or in some cases, seconds. The recorded assets can be financial, legal, physical or electronic”.
Potential government uses of TechnoGen Blockchain Technology include:
Protecting critical infrastructure against cyber attacks
Reducing operational costs and tracking eligibility for government program participation
Transparency and traceability of how taxpayer funds are allocated
Creating opportunities for economic growth
Reducing fraud, waste and abuse of government funds