Post
Topic
Board Bitcoin Discussion
Re: Blockchain technology has the potential to transform government
by
harapan
on 02/03/2024, 15:44:13 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

Blockchain is more like a manual or guide to bitcoin;If you must know have bitcoin,you must know how to control,access and own bitcoin,then you must have understood and studied the blockchain network.Bitcoin is the name of the best-known cryptocurrency,and blockchain is the technology that works behind the existence of bitcoin.i.e,bitcoin was the reason why the blockchain network was created.

Yes,bitcoin Is based on the blockchain network,its just like the symbiotic relationship that exists between two living organisms in biology,where both organisms benefit from each other support,interaction and existence.
 The same theory applies also to bitcoin and blockchain,blockchain is the backbone to bitcoin and these digital network are inseparable because they work hand in hand with each other.
 If blockchain has the capacity to transform the government,then it should be the security and transparency sectors that needs thorough sensitization.But the problem is you cannot use a poison remedy to cure malaria,or you can't use the healing treatment of yeast infections to treat HIV/AIDS...lolz.There's no clue as to if blockchain can help the governments lapses.Blockchain works best for what it was created for and that's bitcoin.It'll be unexciting to abuse the blockchain network.