Post
Topic
Board Bitcoin Discussion
Re: Blockchain technology has the potential to transform government
by
davis196
on 22/02/2024, 06:43:41 UTC
Researchers and practitioners have demonstrated that the benefits of blockchain and distributed ledgers aren’t limited to cryptocurrencies such as Bitcoin.  

How possible is this ?

Quote from: https://blogs.worldbank.org/governance/blockchain-technology-has-potential-transform-government-first-we-need-build-trust

I keep hearing all those "blockchain has the power to transform" this and that for the last 7 or 8 years. So far, blockchain technology didn't disrupt or change or transform any industry outside the cryptocurrency markets.
It's theoretically possible to implement blockchain technology in the election process to make elections more transparent and honest, but I don't think that the politicians around the world are willing to make such changes.
Perhaps the blockchain technology really has the potential to transform the governments, but are the governments willing to transform themselves?
One blockchain hater said that blockchain technology is a "glorified database". Is this true? Are we applying some "magic powers" to blockchain technology? I don't think that this technology is some kind of magic pill, that will miraculously solve all problems.