Day39 — More currencies than countries

Photo by Launchpresso on Unsplash

Cutting the red tape

“Algorithms that enable the creation of blockchains are powerful, disruptive innovations,” reads the first sentence of a 2016 report by the UK government’s chief scientific advisor. Blockchains “could transform the delivery of public and private services and enhance productivity through a wide range of applications” In particular, the report proposed using blockchain technology to improve government services by cutting costs, supporting compliance, and fostering accountability. It would also help collect taxes, disburse benefits, and make interaction with citizens more fluid.

Digital republics

Governments are capitalizing on a central feature of the blockchain. As in the business world, the fact that data in the blockchain is immutable provides transparency and accountability.” the European Parliament study argues. As long as privacy and data protection is guaranteed, the blockchain could make citizens’ lives easier and simplify the jobs of government employees-tough perhaps making some of them redundant, as we shall see shortly. As with voting, the better-educated and those with easier access to the Internet might benefit the most, a situation that can only be overcome with renewed efforts at digital inclusion.

2030 by Mauro.F.Guillen: 216–218