Can Bitcoin reduce corruption in governance? - page 2.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

I am a believer that Bitcoin and other decentralized and open source chains can provide a platform which could help much against the corruption in many societies. The most obvious approach would be to mandate politicians and public servants to receive their salaries in Bitcoin or stable coins, make their master public keys public, so anyone can audit their holdings and the movements of their salaries.

Blockchain technology can also be used to make voting completely transparent, through an intelligent contract, people could vote using their own keys and the results could be open, transparent and completely auditable.

The challenges on this implementations would be on associating keys to one's identity and actually pushing so these standards become a reality, which is unlikely to happen in the short term, due to obvious reasons.

The corrupt do not have reasons to embrace anti-corruption mechanisms. Tongue

Gyfts

legendary

Activity: 2744

Merit: 1512

The biggest corruption of modern, so called "democratic," government are culpable for are the theft of economic liberty from their constituency. Serving nothing but their own greed. I don't think it's possible to achieve a corrupt free society. Putting yourself in a position unreliant on the corrupt systems is a better solution.

If you start with the notion that economic systems are inherently corrupt, you would find that Bitcoin relieves dependency of the traditional economic systems ran by the government. Of course that's not fair presumption to make, but seeing as nearly every major currency is a sinking ship, self inflicted no less, it may be a prudent one (perhaps the system is not responsible, but individuals Shocked

)

iBaba

full member

Activity: 392

Merit: 236

Bitcoin in Niger State💯

My interest in politics and governance has driven me into wondering and asking if Blockchain technologies can be used to eliminate or reduce corruption in governance?

I believe that the invention of new technologies, in most occasions, do come along with opportunities to both efficiency and fairness. Therefore, Bitcoin should be able to offer some opportunities for the Government, to reduce corruption, for instance, in terms of transparency in Public Procurements and tracking of Land registries, amongst many others.

I wish to leave the discussion open so that I can get a birds eye-view from experts on this forum, who will bring in purposeful elucidations that can expand the scope of discussion.

Bitcoin should be able to proffer solutions to some of the inefficiencies and leakages in our government (tax authorities) including in the tax system. How can we take advantages of this fine Blockchain technology to achieve a corrupt-free society?

Topic: Can Bitcoin reduce corruption in governance? - page 2. (Read 169 times)