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Ethereum Foundation: Ethereum Can Be Used for Digital Identity, Public Records, and Asset Tokenization in Government Settings

2026-07-02 00:10
Odaily News The Global Policy Strategy Team of the Ethereum Foundation has released a policy guide for governments and institutions, positioning Ethereum as critical public infrastructure. The report states that Ethereum has been running uninterrupted since its launch in 2015, secured by approximately $76 billion worth of staked ETH as of March 2026, with a geographically diverse validator network, multiple independent client implementations, and a vast developer ecosystem. The Foundation notes that many current digital services rely on centralized intermediaries, posing risks of single points of failure, cyberattacks, or political pressure. Ethereum's decentralized architecture is more suitable for applications such as digital identity, public records, and asset tokenization. The report cites implemented cases like decentralized identity initiatives in Bhutan and Buenos Aires, as well as an Ethereum-based land registry project in India, proving that governments have begun exploring the technology.