I agree, because the government in my country is promoting transparency in all fields, including the state budget. it would be great if the transparency mechanism uses blockchain, so that the public can oversee the allocation of the budget.
this is indeed good for government systems, where all the people can monitor from the smart contract. that way there won't be a lot of money evaporating during the distribution 
Topic: BLOCKCHAIN TECHNOLOGY (Read 539 times)
Blockchain technology is a new form of internet controlled transanction only for digital currency, bitcoin transanction, hidden user, no record on the transanction on your true identity, very high security on identity but money also is very high risk. you can choose for trade for good people just for select a right one.
True it could be a deterrent for corruption because of it's transparency and realtime recording of transactions. But be that as it may, humans are innovative by nature and will think of ways to go around using blockchains or a loophole in the transparency of blockchains. They've done it before, they will do it again.
Wait a seconds, we can actually do that already but the only problem is we cant know from whom the transactions is being made and to whom it is being made. I mean crypto currency is already very much open source and whenever a transaction is broadcasted over the blockchain then it is embedded in the blocks and stays there forever and you can always see it through the block explorer. I dont think you need any additional features to be added to see it.
As I mentioned its the only name of the person which cant be disclosed as one can have thousands of addresses and wallets and thus no name attached to it really.
As I mentioned its the only name of the person which cant be disclosed as one can have thousands of addresses and wallets and thus no name attached to it really.
Almost all of the countries have a government website. From there, transactions ID's will be presented with what/where the funds has been used and the tx ID's can be search through Blockchain explorer.
I guess you are only here because "Blockchain" can give you some money in a fast way. That is the reason for most of the people coming here and that is for the money.
I'm here to earn but I'm also here to learn and apply BLOCKCHAIN TECHNOLOGY for the betterment of our society.
Governments have been implementing Blockchain Technology for transparency already. One such case is Canada, https://explorecatena.com/. As you can see in their website, you can go and browse government spending thru Blockchain. You can even see it in explorer so its there's no doubt that you know where the money is going. I'm sure that this is just the beginning and other governments will also implement it on their backyard, or maybe some of them are already is, but it was not yet reported.
I never thought that this was already implemented. This means, this could be the real future if all of our Government applied this technology in each countries. I also never thought that this topic will be flood with lots of comments and new ideas and opinion about implementing blockchain through Government to fight corruption.
This is really great. Hope you could continue to share ideas and opinions. I wanted to reply on each of the comments but I rather choose what I'm comfortable to reply with. But thanks again. I'm expecting to see another insights about this topic.
I agree, because the government in my country is promoting transparency in all fields, including the state budget. it would be great if the transparency mechanism uses blockchain, so that the public can oversee the allocation of the budget.
Just getting a bit confused here, people here are mostly associating the blockchain to transparency, but what of coins like monero which favor anonymity...does this make such coins not part of the blockchain?
the transparent nature of the blockchain can of course easily counteract all kinds of fraud in government, now when we trade using FIAT currency, then after our money is used, the track record is no longer visible or lost, but different when you transact using cryptocurrency , transaction trace data still exists and can be accessed forever
That would be a good thing actually. Someone shared some recent development in the Canadian government using the blockchain to monitor the spending of the government and having a platform for the whole country and even the world to see how money is being spent. This transparency and accountability is something that is lacking in most of the world and most especially when it comes to most of the corrupt underdeveloped parts of the world, and I believe if utilized effectively, it would really bring about some good level of impact to the governmental space entirely.At least, if we get to see some of the government spending’s being available to the public view, it would bring about some level of transparency within the system of governance and we will get to see things being done differently than it used to.
I suspect any politician will allow that lol. Yes, this may be the reason why most governments are not ready to adopt blockchain technology (please note: not adopting bitcoin has different reasons from ignoring blockchain technology). Basically politicians hate transparency. 
Blockchain technology is a very unique and beautiful program which was created today but I just realized it could be the solution for corruption which was happening all over the world. The Government works for the public right? So the public should be allowed to view what or where the money goes. It would be nice if we could view the public wallet or government funds and you can view each transactions. The blockchain transactions can be viewed publicly. We are paying taxes for the benefit of our country so it would be nice if this kind of technology will be implemented. What are your thoughts? Could this be possible or not?
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
View public wallet/government funds? It should be available for the public's view as far as I know as it is supposed to be mandated by the Constitution or it maybe not as for other countries I guess? As for my country, it is available for the public but nobody cares unless someone big time spends it on something it shouldn't be spent on.
I am from a place where accountability and transparency is not even something to write home about, and exposing the way money is going for some activities, will really expose some certain things and will make a lot of things become glaring for the citizens view and to question some acts and things undone, when considering the amount allocated for such projects. This is something that I believe will bring about monitoring and evaluation in the system of governance.
The blockchain is a good technology platform, but it has so many significant technological disadvantages that Blockchain is not the perfect platform. The Blockchain platform is very transparent about exchanges, but it anonymously implements this to make the government hate it.
the transparent nature of the blockchain can of course easily counteract all kinds of fraud in government, now when we trade using FIAT currency, then after our money is used, the track record is no longer visible or lost, but different when you transact using cryptocurrency , transaction trace data still exists and can be accessed forever
Blockchain is always positive outlook because it can be used as transaction in different ways to go. The government syas it is not exist but if we are really into it and focused it is already exist and it is used already by many of us. Buying in exchange of services and goods. Blockchain technology is a very unique and beautiful program which was created today but I just realized it could be the solution for corruption which was happening all over the world. The Government works for the public right? So the public should be allowed to view what or where the money goes. It would be nice if we could view the public wallet or government funds and you can view each transactions. The blockchain transactions can be viewed publicly. We are paying taxes for the benefit of our country so it would be nice if this kind of technology will be implemented. What are your thoughts? Could this be possible or not?
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
I don't think blockchain is the solution for corruptions because it could also be used for it. Yes, it is created to revolutionize the evolution of investment which makes all people became the same level in this business.
That will be a great idea to track those records specially if this will be focused on government fund records and how they are using it. It was the money of people so we deserve to see those records publicly. That really is possible but will surely take a couple of years before that happens because there will definitely be against that idea specially those corrupt officials. Just as many thinks, blockchain really holds a future where it could solve thousands of problems and thousands of opportunities awaits using this next big thing we called blockchain.
Though we might see good things around using blockchain technology but still we can see also its negative effect to us and in the community. By using this one or engaging into internet base job will surely lessen the number who were working on the day or office job as they might be preferred of going it at their home. And with that, some establishments will close due to lack of workers which couldn't be good at all.
That will be a great idea to track those records specially if this will be focused on government fund records and how they are using it. It was the money of people so we deserve to see those records publicly. That really is possible but will surely take a couple of years before that happens because there will definitely be against that idea specially those corrupt officials. Just as many thinks, blockchain really holds a future where it could solve thousands of problems and thousands of opportunities awaits using this next big thing we called blockchain.
I agree with those of you who think the blockchain system is implemented in the government payer system, be it taxes, electricity and also regional budgets that can be seen publicly where to go to the funds flow, in this way can reduce government corruption.
In my country, Ukraine, the officials wanted to introduce blockchain technology for issuing passports for land and real estate. But they realized that this would not bring them any stolen money, and immediately refused commenting on the fact that the blockchain technology is still very raw and not safe.
I don't really get it. How can a private (centralized) blockchain not be used to game the system? The benefit of private blockchains is that you can choose which part of the network you want to have operating publicly, and which part completely private. Another aspect is that private blockchains aren't immutable, which grants them all the freedom in the world to erase all trails that potentially could be traced back to them.
I think private blockchains allow for more fraudulent activities than ever before. Rogue state employees will feast on that for sure.
In my country, Ukraine, the officials wanted to introduce blockchain technology for issuing passports for land and real estate. But they realized that this would not bring them any stolen money, and immediately refused commenting on the fact that the blockchain technology is still very raw and not safe.
Blockchain technology is a great tool that can be used to ensure the public's trust in governments, but I would prefer to see it used to eliminate the need for separate governments and eventually pave the way for a human collective. There are enough problems that humanity faces. Petty warring amongst ourselves only adds to our problems.
This was suggested by many but I doubt that this is going to be adopted by the government. It can even help the election but they won't adopt it. I guess there were proposals made before but they won't consider using it.
But to have public viewing for the public's fund? I'm having doubt with this, they can create a law about freedom for the public to view most information inside the government.
But to have public viewing for the public's fund? I'm having doubt with this, they can create a law about freedom for the public to view most information inside the government.
Blockchain technology is a very unique and beautiful program which was created today but I just realized it could be the solution for corruption which was happening all over the world. The Government works for the public right? So the public should be allowed to view what or where the money goes. It would be nice if we could view the public wallet or government funds and you can view each transactions. The blockchain transactions can be viewed publicly. We are paying taxes for the benefit of our country so it would be nice if this kind of technology will be implemented. What are your thoughts? Could this be possible or not?
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
Governments have been implementing Blockchain Technology for transparency already. One such case is Canada, https://explorecatena.com/. As you can see in their website, you can go and browse government spending thru Blockchain. You can even see it in explorer so its there's no doubt that you know where the money is going. I'm sure that this is just the beginning and other governments will also implement it on their backyard, or maybe some of them are already is, but it was not yet reported.PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
Blockchain technology is a very unique and beautiful program which was created today but I just realized it could be the solution for corruption which was happening all over the world. The Government works for the public right? So the public should be allowed to view what or where the money goes. It would be nice if we could view the public wallet or government funds and you can view each transactions. The blockchain transactions can be viewed publicly. We are paying taxes for the benefit of our country so it would be nice if this kind of technology will be implemented. What are your thoughts? Could this be possible or not?
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
PS: These are only my opinion, feel free to delete this thread if it's uninteresting subject. Also, feel free to delete this if someone already created similar topic about this.
View public wallet/government funds? It should be available for the public's view as far as I know as it is supposed to be mandated by the Constitution or it maybe not as for other countries I guess? As for my country, it is available for the public but nobody cares unless someone big time spends it on something it shouldn't be spent on.
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