Sovereign Distributed Ledgers: Estimation of Economic Impact on a National Scale

Kartik Hegadekatti
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Abstract

Distributed Ledger form the basis of Blockchain applications. A Sovereign Distributed Ledger (SDL) will be a Sovereign Authority designed, built, maintained and secured Distributed Ledger. The SDLs will allow for the hosting of Blockchain and Non-Blockchain Distributed Ledger based Public services. In terms of services, what SDLs will achieve is that it will make it inexpensive for anyone to provide services or conduct legitimate business over the Blockchain. This is akin to the internet becoming accessible to the majority of the people in the world. The SDL will be analogous to the Internet of Blockchains. It can not only provide public services to the people in an accountable manner (as they will be on the Blockchain), but also provide revenue to the Governments that develop it. This paper deals with estimating the value that a Government can expect to generate through a Sovereign Distributed Ledger. Firstly, we discuss the basics of a SDL. Then we will assess the possible economic impact of such a SDL on a National economy with a developing country as an example. A model developing economy with a strong service sector is taken as an example in this paper. The paper finally summarizes and concludes on the value proposition of SDLs to a national economy.
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主权分布式账本:对国家规模经济影响的估计
分布式账本构成了区块链应用的基础。主权分布式账本(SDL)将是一个主权机构设计、构建、维护和保护的分布式账本。sdl将允许托管基于区块链和非区块链分布式账本的公共服务。在服务方面,SDLs将实现的是,它将使任何人通过区块链提供服务或开展合法业务的成本低廉。这就好比世界上大多数人都可以使用互联网一样。SDL将类似于区块链互联网。它不仅可以以负责任的方式向人民提供公共服务(就像他们将在区块链上一样),还可以为开发它的政府提供收入。本文讨论了如何估计政府通过主权分布式账本可以产生的价值。首先,我们讨论SDL的基础。然后,我们将以一个发展中国家为例,评估这种SDL对国民经济可能产生的经济影响。本文以一个以服务业为主导的经济发展模式为例。最后对SDLs对国民经济的价值主张进行了总结和总结。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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Sovereign Distributed Ledgers: Estimation of Economic Impact on a National Scale
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