Can blockchain replace the role of a central bank?

Nope. Blockchain can never replace banks. Its like asking whether internet can replace banks. Blockchain is a technology. Banks will embrace it and use it as part of their system. However, cryptocurrencies more likely to take out a chunk of customer base from banking.

Does blockchain need to be decentralized?

While blockchain technologies often make use of decentralized networks, a blockchain application itself cannot be categorized simply as being decentralized or not. Rather, decentralization is a sliding scale and should be applied to all aspects of a blockchain application.

How blockchain can revolutionize government?

Blockchain solutions would create a more secure and efficient way for the government to operate while giving citizens more peace of mind that their data is secure. Last year the world produced 2.5 quintillion data bytes daily, and as that number continues to grow, the need to find cutting edge ways to protect, secure, and verify this data has ...

How blockchain can create better public services?

Blockchain technology shows tremendous potential for governments to deliver citizen services more effectively, thus increasing trust and goodwill, as well as providing savings. 2. To reach full potential, blockchain technology must be supported by collaboration between the public and private sector in developing smart standards and regulation ...