Government should implement blockchain technology to prevent corruption. - page 12.

wxa7115

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Quote from: St4yInTh3D4rk on August 20, 2018, 01:47:27 PM

Yes this also one of the reason for invention of decentralization but still governments were finding some way to restrict the usage so we need to understand that governments can only restrict until we use that exchanges when we started using wallet and spend crypto as crypto it is hard for them to track.

I cannot really blame them, they are trying to protect their self interests and it's obvious that they do not like something like bitcoin because it takes power away from them and since they are realizing that they cannot kill bitcoin then they are going to try to regulate it but even that is going to fail, because what are they going to do if people really adopt bitcoin and begin to use it to buy all kind of products and services?

If that happens then no amount of regulation is going to be enough, you will always find a person willing to accept bitcoin in exchange for products and services and when that happens there is going to be a significant number of people that are going to abandon fiat completely.

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Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

This is a very good idea. But the corrupt governments wouldn't want a transparent blockchain system.

Dodoymabs

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Corruption can't be prevented but probably there is a chance to minimize. Blockchain technology gives the people a better and safer services but it is not the best solution to prevent corruption. We should accept the reality that the world that we livin is full of corrupt people.

Jamjamz30

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No, they won't do that. Government really wants a corruption society. Most of the officials use their position just to steal the treasury of the people. They will never make steps that will control their shaddy activities. But it will be possible if a certain administration wants a total devastation when it comes in corruption. But then, there is no such thing as a good official.

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Quote from: waqasniaz007 on August 20, 2018, 04:12:34 PM

Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

Blockchain makes corruption more difficult because it is a distributed-ledger technology that can certify records and transactions or “blocks” without the use of a central database and in a way that cannot be erased, altered or tampered with. It provides an unprecedented level of integrity, security and reliability to the information it manages, reducing the risks associated with having a single point of failure. It eliminates the need for intermediaries, cuts red tape and reduces the risk of arbitrary discretion. It also makes it possible to track and trace transactions. The immutable trail of transactions can be used by law enforcement and government auditors. But no corrupt leader or government will do this. Tongue

Yes, since blockchain is a transparent and secured ledger system then I think its good that government should adapt blockchain technology but its not a good idea for a corrupt politician and goverment employee for it will affect their self interest and probably affecting their profits from corruption.

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Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

Blockchain makes corruption more difficult because it is a distributed-ledger technology that can certify records and transactions or “blocks” without the use of a central database and in a way that cannot be erased, altered or tampered with. It provides an unprecedented level of integrity, security and reliability to the information it manages, reducing the risks associated with having a single point of failure. It eliminates the need for intermediaries, cuts red tape and reduces the risk of arbitrary discretion. It also makes it possible to track and trace transactions. The immutable trail of transactions can be used by law enforcement and government auditors. But no corrupt leader or government will do this. Tongue

St4yInTh3D4rk

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Quote from: wxa7115 on August 20, 2018, 12:25:52 PM

Quote from: St4yInTh3D4rk on August 20, 2018, 07:56:35 AM

Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

But we can't expect a corrupted government to take steps for anti corruptions. Cheesy

As you said the blockchain can be used in all the transaction for the government related which can help us to have corruption free transactions but the politicians need to implement this system but if they do then they can't make money anymore so they will never do this. Sad

Lol, but that is true, that is why bitcoin was created as a decentralized entity, I do not have any hope that the government is going to self regulate, if they could do something like that they could have done it already but the fact that corruption keeps going means that they benefit from the current system and how it works since they can keep stealing from people.

And this bring us to another great characteristic of bitcoin, since bitcoin cannot be printed by governments whenever they want, it means we are unaffected by their corruption at least in monetary terms, if they want to steal money by taking money from the taxes or by printing that money we are still good since we are holding bitcoin and their actions cannot possibly affect us since we are not holding fiat.

Yes this also one of the reason for invention of decentralization but still governments were finding some way to restrict the usage so we need to understand that governments can only restrict until we use that exchanges when we started using wallet and spend crypto as crypto it is hard for them to track.

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Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

Yes.It will be the good idea to exploide corruption in Government.But I had some doubts, whether the corrupted Government involve in this activity.We can easily get the every transaction of the allolated money.The Executive can't escape from the expenses documents.It can be easily found by the transaction.The government officials should give proper reason for every transaction.So this will help to prevent corruption.

AlexKr

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This is a great idea. But sometimes members of the government are involved in corruption themselves.Pprobably thats why the blockchain is not yet implemented everywhere.

wxa7115

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Quote from: St4yInTh3D4rk on August 20, 2018, 07:56:35 AM

Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

But we can't expect a corrupted government to take steps for anti corruptions. Cheesy

As you said the blockchain can be used in all the transaction for the government related which can help us to have corruption free transactions but the politicians need to implement this system but if they do then they can't make money anymore so they will never do this. Sad

Lol, but that is true, that is why bitcoin was created as a decentralized entity, I do not have any hope that the government is going to self regulate, if they could do something like that they could have done it already but the fact that corruption keeps going means that they benefit from the current system and how it works since they can keep stealing from people.

And this bring us to another great characteristic of bitcoin, since bitcoin cannot be printed by governments whenever they want, it means we are unaffected by their corruption at least in monetary terms, if they want to steal money by taking money from the taxes or by printing that money we are still good since we are holding bitcoin and their actions cannot possibly affect us since we are not holding fiat.

St4yInTh3D4rk

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Quote from: virendarnagpal on August 20, 2018, 08:11:53 AM

Quote from: St4yInTh3D4rk on August 20, 2018, 07:56:35 AM

Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

But we can't expect a corrupted government to take steps for anti corruptions. Cheesy

As you said the blockchain can be used in all the transaction for the government related which can help us to have corruption free transactions but the politicians need to implement this system but if they do then they can't make money anymore so they will never do this. Sad

But all the governments are not corrupt. There may be few / some governments which were not so honest so the funds were being diverted to their own pockets. But When an honest government comes to power and strictly ensures the reaching the benefit to deserved entitled one: then the results are very much amazing.
In past four year Indian Government took decision not to pay the social welfare benefit payment via fiat. It ordered crediting their accounts and in four years Rupees 9000 million were saved because these were going to the corrupt people may be without the notice to the top leaders previously.

So it depends on the intentions of the Governments. If they really want to progress their country; they will have to accept digital based transactions system.

To be honest we can count that kind of countries with our fingers so rest of them were corrupted right!

Do you think that Current Indian prime minister helped the people to have anti corrupted nation? Nah! they just converted all other politicians money into their pocket through demonetization,best of the corruption in the recent days. Cheesy

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I cannot guarantee that if the government implements blockchain will reduce the number of corruption, just the opposite. because the state cannot control blockchain technology unilaterally, unless every wallet address creation is required to identify the KYC application.

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Quote from: jeromix on August 20, 2018, 07:47:35 AM

This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

Yeah, and when you woke up...it was morning...

What would transparency do?
Everyone knows that the Long Island Rail Road went from 4 billion to 12 billion which is 7 times costlier than any line elsewhere in the world. Everyones knows how the cost of the Berlin airport has grown by the day...what does this change?

How would this eradicate corruption?
Are you going to force corrupt officials to accept the only bitcoin as bribe? Grin

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Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

I was speaking from long time but no one believe the usages of cryptocurrencies and blockchain integration on sending and receiving payments. So far many government get panic only about the cryptocurrencies usage.
If the payment reaching the government with the single address nothing there to loose fund or corruption. If these things takes the streamline then corruption will not occurs.

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Quote from: St4yInTh3D4rk on August 20, 2018, 07:56:35 AM

Quote from: jeromix on August 20, 2018, 07:47:35 AM

Blockchain is a good technology that will be use as a tool of transparency to every transaction being done. The government should know and develop a system like this on their system. This will eradicate corruption or transactions being made under the table because there will be a transparency on every transactions and how much money is involve. The budget of the people will be obviously utilize to its intended purpose. Would you agree with this idea?

But we can't expect a corrupted government to take steps for anti corruptions. Cheesy

As you said the blockchain can be used in all the transaction for the government related which can help us to have corruption free transactions but the politicians need to implement this system but if they do then they can't make money anymore so they will never do this. Sad

The bolded part above was caught my attention, yes you are right and in that way, since bitcoin is tax-free government did not mine on that.
Since bitcoin(crypto) are not legalized in some countries also this your proposal may be not effective because as of now it is hard to implement this law to the government since bitcoin was against to them. But who knows it will happen, time to time bitcoin users will be having regulation to the government and blockchain is a part on that as well.

kiboloves

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Yes, if blockchain technology can be widely adopted by the government, it will certainly have a great effect on preventing corruption and improving the efficiency of government departments.

hildacitra

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You are right, I support your opinion. However, the problem of corruption is not about the system only, it all are onthe human itself. The more government implement a policy to eradicate corruption, the more corruption will raise. It is cause of human nowdays are losing their mind and their morality, they will do anything to be rich and get anything. Even though Blockchain is implement in certain country to eradicate the corruption, however, if the human is not realize that it is a crime and immoral action. The corruption cannot be avoided or stop.

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How ironical would this be, central governments trying to use blockchain technology to fix or prevent corrupt officials. This will hardly see the light of day as these officials who should approve the implementation are corrupt themselves. You can't implement a system that would fight against you.

Mia Wallace

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Bitcoin is the new form of economy with the strong net work systems linked with the block chain technology.Te block chain technology ensures its security systems and the clarity.We can adopt and implement the block chain to the Banking and other Administrative services of the various government departments so that we can avoid corruptions and the malpractices.So we can say that the invention of the bitcoin to the century is an outstanding one and hence its usefulness is increasing day by day.

eko23

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It will a big news and make a good effect in blockchain when the regulation will be develope to make less transaction from corruption

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