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.
Governments have been implementing Blockchain Technology for transparency already. One such case is Canada,
https://explorecatena.com/. As you can see in their website, you can go and browse government spending thru Blockchain. You can even see it in explorer so its there's no doubt that you know where the money is going. I'm sure that this is just the beginning and other governments will also implement it on their backyard, or maybe some of them are already is, but it was not yet reported.
Thanks for sharing that real life application of the blockchain technology with the Canadian government spending. I never knew there was anything like that. This is actually one thing we are talking about when it comes to how blockchain technology will really help in a lot of ways with most of it being the transparency and of course the government will have to be accountable for every of their spending and with something like this, there will be no cutting of corners, everyone will be careful knowing they can easily be tracked and monitored and for some part of the world that are less developed, this would really be something to imbibe. Like you said, this is just the beginning and as we keep moving on, governments all over the world, will start popping up with theirs.
I appreciate your thought and no need to delete such topic since your post take a lots of potential. By viewing government funds we will able to know what our governments are actually doing. It can reduce the rate of corruption that government doing now days.