REPORT
December 6, 2022
October 31, 2023
Throughout its short history, the Internet has shifted how public services can be delivered. Web3, as the Internet’s latest iteration, presents a new ecosystem of solutions that could eventually generate tangible value for governments as well.
Against the backdrop of current events in the Web3 space, this might seem counterintuitive. After nearly a decade of meteoric investments and glossy articles theorising applications of Web3 in nearly every domain, recent bankruptcies of major cryptocurrency companies and exchanges have cast a shadow over the sector.
Certainly, it has become clear that Web3 is not a silver bullet. Sometimes, it has appeared to be a solution in search of a problem. For policymakers and public officials, accurately assessing the relevance that Web3 and the Distributed Ledger Technology underlying it may have for their work has been difficult, as abundant technical jargon and a dearth of non-financial applications shroud the sector in mystery.
But seeing through the hype, gloom, and jargon is worth the effort. Today, organisations leveraging the technologies of Web3 are making real contributions to public value – from helping activists share and protect open-source intelligence in Hong Kong and Ukraine to supporting the tracking of CO2 emissions based on sensitive company data. Far from threatening to replace governments, these organisations are aligned with governmental goals and may conceivably serve as a valuable tool in their belt.
To help policymakers and public officials identify, engage, and leverage those aspects of the Web3 space that could make tangible contributions to the delivery of public value, the report at hand makes four contributions:
As with any GovTech innovation, capitalising on the opportunities provided by Web3 requires policymakers and public officials to attain a grasp of the core concepts and key technologies at play.
Partners
Authors
Explore the Safety Tech sector's evolution, growth, investment trends, and increasing impact on creating safer online environments across the globe
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A blueprint for the UK government to foster a flourishing AI assurance ecosystem
An essential guide for commercial teams, sustainability leads, and tech buyers aiming to make green choices standard practice in their tech procurement
Our new guidebook on evaluating digital projects in the public sector aims to provide a clear, practical set of steps that digital and evaluation teams can take when trying to measure the impacts of their projects.
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A guide to support public buyers and suppliers to plan, procure and implement GenAI projects
Mapping the tech and innovation landscapes across Central and Eastern Europe (CEE) to identify opportunities for UK strategic partnerships
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What is the current state of AI adoption across the UK public sector and what can government do to drive AI transformation to improve public services?
A collaborative research project between Paladin, PUBLIC & Perspective Economics providing an extensive market analysis of the fast-growing Safety Tech sector.
Simplifying Data Sharing for Short-Term Rental Platforms in the EU.
The public sector needs to empower bottom-up innovation and engage with a wider range of suppliers to deliver on its digital ambition.
Digital transformation used to be a question of sound public management. Today, it has become essential to the economic, democratic, and geopolitical survival of European democracies.
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This report provides an overview of the international Safety Tech landscape, the trends that drive it currently and recommendations for further growth opportunities.
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This report assesses the maturity of SME Procurement across international governments.
How Government can take advantage of the Space & Satellite Opportunity.
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This report surveys the state of European GovTech in 2021.
How new technology is reinventing local public services.
How digital innovators are transforming the NHS.
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To refocus digital public services on better outcomes for citizens.
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Startup Zero 2.0 reflects on the key verticals with exciting opportunities for CleanTech innovation.
Read PUBLIC's new research report exploring the innovators powering the UK's climate ambition.
How new technology startups are set to transform policing.
Read PUBLIC's new research report exploring the Dutch GovTech market.
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In this report, we explore the power of Gamification as a design toolkit to engage citizens in public initiatives.
How New Technologies Will Shape the Future of the UK’s Geospatial Sector.
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For the modern state, there are few policy priorities as important as how it buys technology and innovation. To keep up to date with the pace of change in the wider digital economy, it is absolutely crucial that Government modernises its procurement and commercial processes.
