Post
Topic
Board Economics
Re: Government should implement blockchain technology to prevent corruption.
by
selardkinley
on 08/11/2018, 11:08:45 UTC
Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?
I don’t think there is any need for government to implement Blockchain to be able to find out when money are being stolen or where the country’s money is going into. It’s even easier to detect that with banks and know where exactly the money has gone into and fish out the people involved, although I do know that Blockchain is easy too.

But why I said it’s easier with bank is because they have information of everything, including location of account users and other information about them. But with Blockchain you just see the address and you don’t know who owns it. The truth is that the government it self is corrupt.