Blockchain: A Technical Support for the Modernization of the National Governance System and Capacity

Abstract

The modernization of national governance needs to be supported with modern technical tools to conform relations of production to productive forces and enable positive and orderly interaction between the two. Blockchain, as an emerging technology in the age of information, features distributed architecture, greater transparency, improved traceability and enhanced security. Blockchain’s consensus mechanism can be introduced into community governance mechanisms, which, by virtue of its marketoriented operation nature, helps define the respective functions of the government and market in the modernization of national governance. The application of blockchain technology to the national governance system enables stakeholders to seek consensus and the largest possible common interests to improve the national governance system and better achieve the governance goal, reduce governance costs, improve governance performance and meet the development needs of the times. Through a proper top-down design, China can effectively integrate blockchain technology into its national governance system and thereby efficiently advance the modernization of its national governance system and capacity. Still, due attention should be paid to blockchain’s possible technical risks and impact during the reform and modernization of national governance.

Keywords

• blockchain
• national governance
• governance mechanism
• information deepening
• consensus mechanism