Enhancing Governance and Public Sector Efficiency through Blockchain Technology: A Simulation Study
Atta Yaw Agyeman *
D Jarvis College of Computing and Digital Media, DePaul University, Chicago, USA.
*Author to whom correspondence should be addressed.
Abstract
Since its inception by Satoshi Nakamoto in 2008, blockchain technology has become a pivotal advancement, primarily due to its decentralized, transparent, and immutable properties. This paper examines the potential of blockchain technology to improve governance and enhance efficiency in the public sector through a simulation-based approach. Focusing on blockchain-enabled voting systems and public records management, the study investigates how security, transparency, and efficiency can be significantly improved. The paper explores current blockchain applications within governance, the challenges facing traditional systems, and the transformative power of blockchain. Through simulation, performance indicators such as security, transparency, and operational efficiency are analyzed, culminating in recommendations for integrating blockchain into public sector frameworks.
Keywords: Public sector, blockchain technology, governance