Re: Thai Revenue Department to use blockchain to track taxes
Here are example from Canadian government using blockchain to track everything.
1. NRC-IRAP - Blockchain publishing prototype. Although it is still a prototype, but you will get the importance of using blockchain specially in government sector. I think one advantage is that everything is transparent, as in this case. For Thailand though, it will be easy to track and even tax payers can have access to that private ledger so that they can check if they have paid the right tax or have tax refunds. Or if tax payers will not have access, at least those tax collectors will have a central repository to look at and they can easily chase those who are not paying tax. Their job could well be very easy.
This sounds good. Well done for Canada to make things transparent in their government by using blockchain. Same goes to Thailand. What are the chances for the US to follow something like this though? Maybe if the US does it, more countries would follow and government transparency through blockchain would be the norm.1. NRC-IRAP - Blockchain publishing prototype. Although it is still a prototype, but you will get the importance of using blockchain specially in government sector. I think one advantage is that everything is transparent, as in this case. For Thailand though, it will be easy to track and even tax payers can have access to that private ledger so that they can check if they have paid the right tax or have tax refunds. Or if tax payers will not have access, at least those tax collectors will have a central repository to look at and they can easily chase those who are not paying tax. Their job could well be very easy.