This is good news for the country of India with the use of blockchain for primary school teachers in a pension program. By using it, they seek to ensure the trust and payment of the beneficiaries.
I am sure it will be very positive for this country because it is developed by the government and with the support of IBM blockchain.
The government of India is showing a model to follow by ensuring digital service, transparent and secure.
Topic: Blockchain solution for Pension system of Primary school teachers of Bangladesh - page 2. (Read 548 times)
August 22, 2020, 02:10:31 PM
August 22, 2020, 01:08:16 PM
The Blockchain system is very useful to carry this type of systems, the good thing is that they can do it efficiently as long as it complies with the relevant database requirements, if this is how they relate it in the article, I hope it can be well implemented in Bangladesh and be an example of a system to the world and they can adopt it as it develops.
June 15, 2020, 02:01:47 AM
There isn't really transparency in a permissioned blockchain, here we're talking about a private DTL and it's not the same as public DTLs since only some individuals can access it to r/w information.
I'm also not sure if it's a good thing to let private companies 'taking care of' state affairs, which usually destroy several aspects in the long run. If today they start to use IBM's infrastructure you don't know if in 10 years IBM will be able to make decisions. While a state isn't here for profits, a private company is.
The beginning of privatization?
I'm also not sure if it's a good thing to let private companies 'taking care of' state affairs, which usually destroy several aspects in the long run. If today they start to use IBM's infrastructure you don't know if in 10 years IBM will be able to make decisions. While a state isn't here for profits, a private company is.
The beginning of privatization?
June 15, 2020, 01:43:34 AM
It is not something important for cryptocurrency to be legal in Bangladesh. But blockchain based technology implementation is one step toward crypto to be legal because people will realize utility of blockchain based solution.
A Bangeldeshi government agency is collaborating with IBM to harness blockchain for modernizing the country’s digital pension system.
Source- https://cointelegraph.com/news/ibm-pilots-blockchain-solution-for-primary-teachers-pensions-in-bangladesh
A Bangeldeshi government agency is collaborating with IBM to harness blockchain for modernizing the country’s digital pension system.
Source- https://cointelegraph.com/news/ibm-pilots-blockchain-solution-for-primary-teachers-pensions-in-bangladesh
Considering how corrupted the government officials are in Bangladesh, blockchain implementation can become a key thing to bring back transparency into the system. It's not just about Bangladesh but also its neighbors like India and Pakistan as well. Majority of their government officials are highly corrupted and bribe is the only thing that will help you to get your work done.
Implementation of blockchain may help to bring transparency which is really needed to end the suffering of common people's dealing with government officials.
But it's just an assumption. It hard to break the hive of corruption so I can only hope for the best. In India, I had experience in dealing with Land Records & Revenue department for registering my property and 3 levels of bribes were nedded to get my legal job done and I wasn't at fault for anything.
June 14, 2020, 10:51:43 PM
This is good news. I hope the immutability and transparency which the blockchain technology features will greatly improve the digital pension system of the primary school teachers of Bangladesh.
This may not be about Bitcoin really, but considering that the country has already had a number of different blockchain initiatives in the past, this means to say that the government is now realizing the potential of that very same technology which Bitcoin is using.
And, hopefully, with the trust that they put to the technology in terms of improving the different systems of their country, they will also begin to realize that they could do the same to a currency built on it.
This may not be about Bitcoin really, but considering that the country has already had a number of different blockchain initiatives in the past, this means to say that the government is now realizing the potential of that very same technology which Bitcoin is using.
And, hopefully, with the trust that they put to the technology in terms of improving the different systems of their country, they will also begin to realize that they could do the same to a currency built on it.
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June 14, 2020, 10:12:28 PM
It is not something important for cryptocurrency to be legal in Bangladesh. But blockchain based technology implementation is one step toward crypto to be legal because people will realize utility of blockchain based solution.
A Bangeldeshi government agency is collaborating with IBM to harness blockchain for modernizing the country’s digital pension system.
Source- https://cointelegraph.com/news/ibm-pilots-blockchain-solution-for-primary-teachers-pensions-in-bangladesh
A Bangeldeshi government agency is collaborating with IBM to harness blockchain for modernizing the country’s digital pension system.
Source- https://cointelegraph.com/news/ibm-pilots-blockchain-solution-for-primary-teachers-pensions-in-bangladesh
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