Bitcoin Forum

How do you think, when governments of countries are going to start using blockchain technologies in international agreements? Can smartcontracts protect from falsity on that level?

The way I see it, government will attempt to create their own coins, but, those coins will be centralized. Centralized Crypto Coins.
Hopefully people won't buy into that and will eventually stick with the decentralized versions of the coins.

We can only see this thing if every countries makes bitcoin as legal, but for now this is just a dream. Its possible but long way to go from this kind of adoptation. Government are slowly accepting this thing, I believe on it.

Some companies are working on solutions with blockchain to help them interact in a secure and safe environments but these blockchains are private only for those companies that participate in them. So I really think in future, if not blockchain, some other tech will be used for governments. Governments can implement blockchains within themselves or between others. For some processes it can potentially help them in the long run. However I am not familiar if any of them are taking this into consideration to use blcockhain and smartcontracts between their agreements etc. will have to wait and see.


Money is one application of the blockchain. You can use blcockahin without the need to create your coins, you can simply have blockcahin as any database right now and enable smartcontracts on them. Some countries are looking to create their own crypto right now, but this is another topic. I think that you have missed the point of OP.

But if 10 strongest countries, like USA, China, Japan, EU makes krypto legal, others would follow in a short time...I can not imagine what kind of international relationship could be if half of the world uses bitcoin and half doesnt

imho for something this important as government two party agreements a very strong network is needed. bitcoin can potentially implement smart contracts in future. or an ethereum blockchain running erc20 token dedicated just for that. though china might implement something of that kind on neo before hand as they are already working together to some extent. time will show.

I highly doubt that at the current stage of the blockchain technology but I think that its very possible after a few years.

Lack of business infrastructure, high corruption cases in many sectors and the frequent encounter of human error in data management - both in the public and private sectors. Software systems that are basically designed to send data from one party to another require one centralized server as a publisher and data manager. When there is interruption on the server, the website can not be accessed and automatically the user can not use the service optimally.


Blockchain technology was born in response to concerns of some parties to the workings of a centralized software
and I'm sure, in the future blockchain technology can be used in all sectors whether it's industry or something else.

I doubt that, it is true that the blockchain tech is young and needs to mature more. Also I doubt the government will use a public one, they prolly will make their own.

We need to specify the kind of blockchain, is it the bitcoin blockchaion or another one being controlled by the governments themselves? If it is a semi decentralized or a centralized blockchain then i bet many governments will go for it.

In many countries today many are still resisting bitcoin currencies, it's happening in developing countries, and years of years I hope all countries are aware of the sophistication of Blockchain technology and they all agree to use Blockchain technology, and for the year 2020 hopefully has come true.

This will all happen, in a deal that all governments around the world will gather to discuss Blockchain technology, I hope it will happen as soon as possible.

I am sure that someday there will be an international agreement to discuss and regulate Blockchain technology, and I hope it will happen soon to make the crypto currency better than it is today.

I think every country should see Bitcoin as a breakthrough that clearly solve world's problem in finance industry in particular then they can make agreement. Instead of seeing it as a threat that disrupts the bank system, they should start implement blockchain technology.

Within five years I hope all countries around the world can come together and discuss and manage the use of Blockchain technology for the development of the currency of cryptocurrency on a regular basis.

It's not that easy, it requires some serious studies. The government should side with investors and other policies.
I think it will take a long time to apply this technology.

The government is beginning to see that the blockchain provides a myriad of solutions for all types of activities through the protection of public information, from the securitization of assets such as land properties to humanitarian assistance. Therefore, the government is increasingly interested in this technology....

hopefully it will happen

Some sort of agreement I think is ok, but if it is very important to deal, I prefer to use the centralized agreement, convenient change rather than decentralization can't tamper with the agreement.

May be , it is good idea. There are many ICO of real eastate which use blockchain technology for their system. Since datas in blockchain are unaditable and unremovable then all data are very reliable. Blockchain technology is very useful. Even e-commerce marketplace platform are utilize it as well. We can check it and see how it run on e commerce marketplace of CopiCo(XCPO). I think blockchain technology is very useful for international agreement.

As far as the current state accepts the technology of blockchain, I am very skeptical about the development of the blockchain, so I think no matter which country it is, if the blockchain is really used in the international conference, then the development of the blockchain There is more than one layer of protection.

National governments have different attitudes toward blockchains, but they are absolutely impossible to reject. They are only looking for the right time to introduce them. Blockchain technology has helped many industries and reduced many costs. They will not give up these opportunities.

It may likely but it will take time. There is good news that indicates the Government might consider it as per according to BitCoin: "the Association believes that blockchain technology, Bitcoin, distributed ledgers and cryptocurrencies will fundamentally transform how the government interacts with its constituents."

i personally question myself weather governments still will exist like they do today.

regards

Digital currency has become a hot topic, the digital currency's earliest bitcoin is becoming the target of public criticism. At present, the digital currency has been speculation as a whole has been a larger bubble, the bubble is certainly at risk. From this perspective, it is not unreasonable for governments to state concerns and reminders of the digital currency bubble with international blockchain agreements.

So, am I right, that first step in this process, is active use of smartcontracts by private companies? Is it profitable for them?

Wow!! And how do you anticipate governments in blockchain world?

I don't think the government of any country will be able to use blockchain technology for anything :). Cryptocurrency is just a product created base on blockchain technology but for now there are no government of any country can find out the way to control it so I don't think they can apply blockchain technology in anything. LOL.

What kind of international agreements do you mean?Can you explain your question in detail?Or why do they need blockchain in international agreements? its really interesting issue for me...
In general,In most countries which may be  the participant of international agreement,there may not be common laws and approaches which prescribe relations based on blockchain as I know,the fact that there are no common approaches it will be very hard to integrate blockchain on international level,But I think you mean: if goverments use blockchain in their public structures? If i guess, its already in use,for example in my country,public service hall uses it  for goverment's institutional pursposes and they develop a system for registering land titles using blockchain which is a big success.

I would say in the future that blockchain tech. would be fully integrated into societies in all aspects including government. The distributed ledger will keep things publicly visible so there can be no falsity. I believe this ICO will lead the masses into crypto: https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480

Once the masses adopt crypto then you will see the blockchain tech quickly integrate into all forms of society if it hasn't already.

"How do you think, when governments of countries are going to start using blockchain technologies in international agreements"

Singed bits of paper was invented years ago, get over yourself making out that Bitcoin is going to feed the world and if you want to
credit someone for signing documents or files then maybe you want to say thanks to the Bit-Torrent development team.

New spin on an old concept it is, nothing more.

it would be a wise decision to use blockchain in intl agreements, because it won`t be able to be tracked and hacked as well, but in my opinion even if they use they would use a much more sophisticated version of the current technology.

As I understand, smartcontracts and blockchain technologies can prevent situations, like had happened in my country. We got rid of nuclear weapon and were guaranteed  for inviolability of our boarders. But ... now we see that paper agreements doesnt work. people have short memory, so maybe computers can help)

It can happen if government already declare legality of bitcoin as well its adaptation within the economy. So far some countries show full support over blockchain technology and are actually using it in their market, so it only means that the likelyhood that bitcoin to be part or use for international agreement can happen soon.

If they going to use blockchain with some regulations, they better not use blockchain.
because i know, the regulations that created by government can damage the blockchain technology values.

Possibly that will happen if the people in the government itself will be replaced by honest politicians. As long as corrupt leaders are leading a certain country the usage of blockchain technology as well as transparency are just wishful thinking. Possibly it may be futile today but in the future it could be possible or not. It will lie on the hands of the future generation.

Yeah seems like a probable way for them to use blockchain. But IMO all these governments which are showing interest in blockchain probably won't make any progress for foreseeable future.

Governments will eventually need to use blockchein technology at the international level to conclude and implement international trade agreements. However, this requires a little more time. As far as I know, in some countries, particularly in my country, this blockchein technology has already been actively used in various areas for the safe use and storage of various databases. In particular, information on a single land cadastre in us is translated into blockchein technology. Over time, this technology will spread to other industries, including international relations.

Governments are one of the best places to exploit the blockchain. Because it eliminates middlemen and improves transparency, it can make government work more efficient and more credible. What is clear is that while the technology does not help the government solve all problems, it can at least bring a lot of benefits to it at the technical level.

Governments around the world are well suited to using blockchain technology. One of the biggest complaints about the government today is its inefficiency and waste of resources. The blockchain can eliminate inefficient and wasteful problems from the system.

doubt that, it is true that the blockchain tech is young and needs to mature more. Also I doubt the government will use a public one, they prolly will make their own. Blockchain technology is a big threat to the government and also the central bank.  The government can only adapt it fully,  if the find a way to control it,  or couldnt find a way to bring it down. As they say,  if you can't beat them,  you join them.

With rapid technological advances,it is surely possible for major countries to rely on smart contracts to simplify the transaction process and more because this system can reduce the occurrence of corruption and make it easier for someone when they want to do the buying and selling process online.

I really do not see why they will want to do that, international agreements are not just signed by two people, there are entire delegations of people negotiating about every single thing that is in those agreements, creating a smart contract will not allow to break the treaty in the future and we know that happens all the time, so I really doubt that is going to happen.

I think this is an interesting question. First of all, it is necessary to understand exactly where in the international agreements the technology of  blockchain can be applied. If it concerns certain dates and stages of implementation by the governments of the countries of concerted actions and the signing of specific documents, then it seems to me that the technology of blockchain can be applied. If it is a question of the negotiation process of governmental delegations and international conferences, then the application of this technology can cause difficulties.

major governments, even some from the 3rd world countries are taking the blockchain seriously along with major banks - eventually, every government will create their own centralized crypto with their blockchain.

Honestly I also doubt that.
And I think in many year that it will happen.

finally, the world begins to slowly take the bikkin and all the crypto world into their own hands! I am sure that those countries and people who resist the development of the crypto market will sooner or later surrender and take in their lives a new era of money!

Maybe all governments will use blockchain technology when they start to get entangled with the increasingly chaotic economic conditions because many irresponsible parties use fiat money for money laundering activities. When they are desperate and do not know how to handle the problem then blockchain technology is one of the best solutions to handle the problem

It is very unlikely that governments are going to try to use the blockchain technology in order to avoid money laundering activities, first of all because most money laundering activities goes through banks and governments know they could solve the problem by imposing very harsh regulations on banks but they simply do not want to do it, why? Because many corrupt government officials use those services as well.

The current growing technological block is growing rapidly. As soon as the government will make blockchain become one of the systems in a field. In the banking sector I think there are many who use blockchain

For blockchain yes because blockchain is not only about bitcoin but is very big than that
Example on bank industries blockchain can prevent from any crime through bank such as money laundry,corruption activity or anyone else that brake the law since because of its decentralized system

do not you know that the panmunjom declaration between south korea and north korea in the peace agreement that happened in the last few weeks, is noted in blockchain ethereum. and it's done by Ryu Gi hyeok. i read from coindesk that he is a gamer.

even banks also plan to use the blockchain system, after they lose consumptions, with the purpose for increase consumers again.

Blockchain will bring alot of utility also for dis life. It is also an important step. Just as the invention of light bulbs, the internet, ... it has changed our lives.Blockchain means not only bitcoin or cryptocurrencies but alot of thing can be on blockchain which will make everything transparent to whole citizens.