Post
Topic
Board Economics
Re: Government should implement blockchain technology to prevent corruption.
by
upsidedown75
on 03/11/2018, 09:00:45 UTC
Corrupt officials in some countries will not go for the use of blockchain technology, but European countries with low levels of corruption are likely to integrate this technology into their structure and further reduce the level of corruption. But this is just one example of the use of blockchain technology in the economic structure of a country.
They'll do this all the government is corrupted if they use blockchain they'll never able to make money also we should not forget that government is looking forward to ban bitcoin and block chain. Almost all country has already banned it.
There is always every certainty that corrupt officials due to their own selfish reasons will not want to get to see it fly based on how it is going to affect the way they have been doing things and as well expose them.

However, this is something we will get to see over time become a reality and we will obviously be able to see it make a lot of sense over time, considering that there will be a lot of huge transparency and accountability in the government when that is implemented. Sure, it would take some tough leader with great vision to be able to get this to work, but at some point when most countries begin utilizing the blockchain, most parts of the world will be forced to do that as well.