AN ANALYSIS OF BLOCK CHAIN TECHNOLOGY'S ROLE IN NIGERIAN GOVERNMENTAL AGENCIES: A REVIEW OF ITS USES AND CONSEQUENCES

Abstract

This research looks at block chain implementations in Nigerian government systems and evaluates how well they work for administration and government. Block chain technology has attracted a lot of interest due to its potential to revolutionise a number of industries, including government processes. It was first presented as the foundation for crypto currencies. The uses and effects of block chain technology on the political environment in the United States are thoroughly reviewed in this article. Block chain emerge as an innovative force that has the potential to transform administrative systems as governments across the globe look for creative ways to improve transparency, efficiency, and security. The research highlights the decentralised and tamper-resistant features of block chain technology while clarifying its basic concepts. Additionally, it examines a variety of uses for government systems, from voting and identity management to supply chain tracking and public financing. Examining certain use cases in depth, the report shows how block chain improves data quality, lowers fraud, and expedites bureaucratic procedures. The report evaluates the potential advantages of block chain implementation for government operations, emphasising improved public confidence, better accountability, and cost savings. To provide a fair assessment of the technology's limits, issues and factors such as interoperability, scalability, and regulatory frameworks are examined. Examining pilot programmes and current implementations that use block chain in domains including property registers, medical information administration, and acquisition, the assessment covers federal and state-level activities in the United States. A closer look at the joint efforts of both the government and privatizes sector is taken, providing insight into the frameworks that must be in place for effective block chain integration. Block chain initiatives for administration are discussed in the context of ethical issues and privacy concerns, highlighting the need of strong security measures to secure private data while using the technology's transformational potential. This study provides a comprehensive overview of the uses and implications of block chain computing in Nigeria government systems by synthesising its present status. This assessment provides insightful information for policymakers, academics, and practitioners as block chain technology develops and gains acceptance. It also helps people understand how transformational block chain technology may be in reshaping government processes in the future.