Nowadays the corruption is rampant everywhere, the government becoming more and more confident of doing their evil practices while the least are suffering as an effect of this uncontrollable corruption. If blockchain will operate legally in every country the record of every transaction of the government will become easily monitor because everyone would have an access to see the history in the blockchain. This will become effective for every country under the power of democracy.
Economy will depend on their citizens earning if people has plenty of money the economy will also grow like wise the economy will also proliferate in the money will cycle faster because fast transaction.