Blockchain technology is a very unique and beautiful program which was created today but I just realized it could be the solution for corruption which was happening all over the world. The Government works for the public right? So the public should be allowed to view what or where the money goes. It would be nice if we could view the public wallet or government funds and you can view each transactions. The blockchain transactions can be viewed publicly. We are paying taxes for the benefit of our country so it would be nice if this kind of technology will be implemented. What are your thoughts? Could this be possible or not?
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
All we know that the blockchain technology is made for cryptocurrency only and blockchain technology is the future of the technology I think so. Block chain technology is a unique program that can help the economy of a country to increase and lower the corruption that was happening all over the world, not just one country but the whole world.
Blockchain technology is not all about cryptocurrency only as this is just something that is one part of it all as there are so many other applications of blockchain technology when it comes to every single sector.
Certainly, with the adoption of blockchain technology, it would bring about accountability and transparency which are the two major things lacking in a corrupt system of governance as we all know and if this part can be easily fixed; then, I believe that it can always be of help to some of the developing and less developed areas.
We can see how governments are already trying to see how they can homogenize blockchain technology into the system which would really help even with data in some sectors a lot.