Blockchain Technology has been a boon to the mankind as this has made our lives a lot more easier and secure. Though a certain population of the world still has its apprehensions about the validity and sustainability of this technology, but the world has been slowly becoming familiar and adapting to this new technology.
As the world has started to adapt blockchain technology, it is being used to scale government services. The technology allows the government to create records of data with significant level of security, speed and transparency. The blockchain accessible ledger is useful to keep a track of birth certificates, business license and land registry. The technology eliminates the dependency on notary, lawyers and government officials.
Later on, the government can create algorithms and rules that allow individuals to automatically share their data with a third party, once the third party fulfills the rules of the smart contract. Smart contract helps to eliminate human resources.
Velix.ID is creating such platform on blockchain technology which will compliment the government system in eliminating long time taking process of identity verification and will help to eliminate Identity theft.