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Revolutionizing Public Works: How Blockchain and Smart Contracts are Transforming Government…

  • Blockchain technology offers a transparent and immutable record of contracts, transactions, and project progress, revolutionizing government infrastructure projects.
  • Smart contracts automate processes and enforce terms, reducing costs and increasing efficiency in government infrastructure projects.
  • Countries like Estonia, Georgia, and Dubai have begun implementing blockchain and smart contracts in public projects, setting a precedent for others to follow.
  • Challenges include technical expertise, initial transition costs, resistance to change, and the need for legal frameworks that support smart contract enforcement.

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