L3COS is an operating framework that allows governments to build a fully regulated infrastructure based on blockchain technology allowing for an enhanced and more secure digital economy.
Reduced expenses
simplified, faster exchange of information within government;
Protection of sensitive data
L3COS’ blockchain technology makes governmental databases impossible to hack;
Increased trust
Everyone can access their own unalterable data records securely, in a fully auditable and transparent way;
Eliminated corruption and fraud
Simplified monitoring removes the risk of corruption and fraud
The essence of good government is trust
“Too many in the modern world are sceptical of trusting government. Without that trust, you have nothing.”
Zurab Ashvil Founder and CEO of L3COS
These countries are already using blockchain
Several governments have already digitalized their processes with the help of blockchain.
Sweden
The Swedish government is testing blockchain-based property transaction records, which could save taxpayers $100+ million a year by reducing paperwork and fraud.
“Digital documentation of property transfers and good technology will enable the confirmation for all parties in a real estate transaction (with) the highest level of security.”
Head of development of real estate registration at the Swedish Land Registry
Georgia
More than 1.5 million land titles have been registered on blockchain so far, with an average of registration time of three minutes.
“By building a blockchain-based property registry and taking full advantage of the security provided by the blockchain technology, the Republic of Georgia can show the world that we are a modern, transparent and corruption-free country that can lead the world in changing the way land titling is done and pave the way to additional prosperity for all.”
99% of public services are available to citizens as e-services, saving over 1,400 years of working time and 2% of GDP annually.
“There is strong interest in the Estonian e-state from governments as well as entrepreneurs around the world. International delegations come here every day to learn more about how to implement digital solutions in their countries.”
Minister of Entrepreneurship and Information Technology of Estonia
Sweden
The Swedish government is testing blockchain-based property transaction records, which could save taxpayers $100+ million a year by reducing paperwork and fraud.
“Digital documentation of property transfers and good technology will enable the confirmation for all parties in a real estate transaction (with) the highest level of security.”
Head of development of real estate registration at the Swedish Land Registry
Georgia
More than 1.5 million land titles have been registered on blockchain so far, with an average of registration time of three minutes.
“By building a blockchain-based property registry and taking full advantage of the security provided by the blockchain technology, the Republic of Georgia can show the world that we are a modern, transparent and corruption-free country that can lead the world in changing the way land titling is done and pave the way to additional prosperity for all.”
99% of public services are available to citizens as e-services, saving over 1,400 years of working time and 2% of GDP annually.
“There is strong interest in the Estonian e-state from governments as well as entrepreneurs around the world. International delegations come here every day to learn more about how to implement digital solutions in their countries.”
