Is blockchain governance really worth it?

[Abiky]

I have seen many blockchain governance platforms rising over the past years such as BitNation, and most recently EGaaS. However, it is up to debate whenever these services could really become useful in the mainstream world and survive for the long term.

If systems like these gain wide acceptance from real world governments, such as the ability to use a blockchain issued passport from within almost any country, then I could see a bright future for it in the upcoming years.

It is only a matter of usability, and real world acceptance, for these platforms to succeed.

Nevertheless, I would like to know your opinion about blockchain governance being worth it or not. 

[thepo1m]

Yes, it worth it. The use case of blockchain is huge and anybody can apply it as a tool to make their operations better. Egaas is developing something related to governance use of blockchain too.

[Abiky]

Yes, it worth it. The use case of blockchain is huge and anybody can apply it as a tool to make their operations better. Egaas is developing something related to governance use of blockchain too.

Glad to know about this, as it would have a huge impact on the way governments define their laws, among many other things via the use of blockchain and smart contracts. I hope that EGaaS would become widely used by governments worldwide, thus paving the way of a borderless global government system that relies on the blockchain itself. Due to the security of the blockchain, it would be a great way to reduce the chance of identity theft, and many other things. The idea of a world passport issued via the blockchain sounds like a great idea, that would prove to become successful if nations would accept it as a legal form of identity.

The only thing that I'm concerned with, is that if these platforms would really become usable, and accepted in the real world. Just sharing my thoughts.   

[shinratensei_]

I have seen many blockchain governance platforms rising over the past years such as BitNation, and most recently EGaaS. However, it is up to debate whenever these services could really become useful in the mainstream world and survive for the long term.

If systems like these gain wide acceptance from real world governments, such as the ability to use a blockchain issued passport from within almost any country, then I could see a bright future for it in the upcoming years.

It is only a matter of usability, and real world acceptance, for these platforms to succeed.

Nevertheless, I would like to know your opinion about blockchain governance being worth it or not. 

IMO, It's referring into the private blockchain. And it wasn't giving a freedom for the civilians. The parties with high priority can be changing the blockchain rules every time.  So I don't think the blockchain governance was referring into the public blockchain and everyone was feeling free for using it.

[Abiky]

IMO, It's referring into the private blockchain. And it wasn't giving a freedom for the civilians. The parties with high priority can be changing the blockchain rules every time.  So I don't think the blockchain governance was referring into the public blockchain and everyone was feeling free for using it.

I've thought about this too. Since governments would want control over the blockchain, they would need a private solution for them to be able to modify its rules. In the case of public chains, there could exist public governance within it, which would make it completely inmutable and free for anyone to develop within it.

In the end, if this becomes successful, I can see a world filled with private and public governments alike powered with blockchain technology which prevents fraud and aims to provide better security. Just sharing my thoughts. 

[ramdomi]

If governance is done in a fair manner yes. But look at bitcoin governance. that is not working at all.

[shinratensei_]

IMO, It's referring into the private blockchain. And it wasn't giving a freedom for the civilians. The parties with high priority can be changing the blockchain rules every time.  So I don't think the blockchain governance was referring into the public blockchain and everyone was feeling free for using it.

I've thought about this too. Since governments would want control over the blockchain, they would need a private solution for them to be able to modify its rules. In the case of public chains, there could exist public governance within it, which would make it completely inmutable and free for anyone to develop within it.

In the end, if this becomes successful, I can see a world filled with private and public governments alike powered with blockchain technology which prevents fraud and aims to provide better security. Just sharing my thoughts. 

No, they won't control the blockchain but made his blockchain. Hyper ledger is one of the examples. We may see a lot of fiat alt will run above the hyperledger soon.

Especially about be a serious compete for bitcoin later.

[bbc.reporter]

Sounds stupid if a government controls the blockchain that is used. The purpose of the blockchain is to have a database that is not controlled by one organization and by that it means that no 3rd party trust is involved. So if it were a scenario like that, would that mean that there is a possibility that there would be no government?

[rafajunior99]

Yes, it worth it. The use case of blockchain is huge and anybody can apply it as a tool to make their operations better. Egaas is developing something related to governance use of blockchain too.

Glad to know about this, as it would have a huge impact on the way governments define their laws, among many other things via the use of blockchain and smart contracts. I hope that EGaaS would become widely used by governments worldwide, thus paving the way of a borderless global government system that relies on the blockchain itself. Due to the security of the blockchain, it would be a great way to reduce the chance of identity theft, and many other things. The idea of a world passport issued via the blockchain sounds like a great idea, that would prove to become successful if nations would accept it as a legal form of identity.

The only thing that I'm concerned with, is that if these platforms would really become usable, and accepted in the real world. Just sharing my thoughts.   

maybe in years to come Your mind will become a reality because with his existing blockchain all bitcoin wallet would be safe in use today from hackers lurking blockchain.

[Abiky]

Sounds stupid if a government controls the blockchain that is used. The purpose of the blockchain is to have a database that is not controlled by one organization and by that it means that no 3rd party trust is involved. So if it were a scenario like that, would that mean that there is a possibility that there would be no government?

Yeah. That is why I think that blockchains should remain public, in contrast to private chains which limits the true purpose of the concept of blockchain in general. When banks use their own private chains, they seem more like any ordinary distributed database than a blockchain itself, violating the principles of immutability, and most of all decentralization.

Still, it would be interesting to see how these emerging governance platforms like EGaaS turn out to become in the following months, by providing usability to governments, businesses, and individuals alike. There are many possibilities from within a decentralized governance platform like establishing identities, smart contracts, and many more in a secure and fraud-free way. Just my opinion. 

[pereira4]

I wouldn't mind what the government wants to do with blockchain technology as long as we have bitcoin as the real, open world blockchain.

It would be cool if the government used a sidechain to keep track of id's, medical records, voting etc, at least it would be backed up by bitcoin's blockchain.

Let's just hope we can have segwit soon then launch LN in full force.

[michellee]

I have seen many blockchain governance platforms rising over the past years such as BitNation, and most recently EGaaS. However, it is up to debate whenever these services could really become useful in the mainstream world and survive for the long term.

If systems like these gain wide acceptance from real world governments, such as the ability to use a blockchain issued passport from within almost any country, then I could see a bright future for it in the upcoming years.

It is only a matter of usability, and real world acceptance, for these platforms to succeed.

Nevertheless, I would like to know your opinion about blockchain governance being worth it or not. 

IMO, It's referring into the private blockchain. And it wasn't giving a freedom for the civilians. The parties with high priority can be changing the blockchain rules every time.  So I don't think the blockchain governance was referring into the public blockchain and everyone was feeling free for using it.

if its referring into the private blockchain then its not good idea to use the blockchain governance because people want to be free to see the all of transaction. but if the government will do like blockchain technology then i am sure that many people will consider this and thinking that blockchain governance is really worth for their transaction.

[shinratensei_]

I have seen many blockchain governance platforms rising over the past years such as BitNation, and most recently EGaaS. However, it is up to debate whenever these services could really become useful in the mainstream world and survive for the long term.

If systems like these gain wide acceptance from real world governments, such as the ability to use a blockchain issued passport from within almost any country, then I could see a bright future for it in the upcoming years.

It is only a matter of usability, and real world acceptance, for these platforms to succeed.

Nevertheless, I would like to know your opinion about blockchain governance being worth it or not. 

IMO, It's referring into the private blockchain. And it wasn't giving a freedom for the civilians. The parties with high priority can be changing the blockchain rules every time.  So I don't think the blockchain governance was referring into the public blockchain and everyone was feeling free for using it.

if its referring into the private blockchain then its not good idea to use the blockchain governance because people want to be free to see the all of transaction. but if the government will do like blockchain technology then i am sure that many people will consider this and thinking that blockchain governance is really worth for their transaction.

You may need to see about the hyperledger and try to learn how it works.


Yes, because a lot of the people was depending on the government. They will be following what the government doing.

[Abiky]

I wouldn't mind what the government wants to do with blockchain technology as long as we have bitcoin as the real, open world blockchain.

It would be cool if the government used a sidechain to keep track of id's, medical records, voting etc, at least it would be backed up by bitcoin's blockchain.

Let's just hope we can have segwit soon then launch LN in full force.

Yeah the sidechain would be ideal for the government to back it up with Bitcoin, as it has the most secure blockchain in existence. Scalable solutions would greatly improve the efficiency of Bitcoin, making the process of establishing a governance platform within it,  much faster and hassle free.

Nevertheless, I see a future of a cashless society as well as automation with the combination of cryptocurrencies and smart contracts. By that time, governments would have their own digital currency,  that would play by their own rules. Just my thoughts. 

[dinofelis]

I have seen many blockchain governance platforms rising over the past years such as BitNation, and most recently EGaaS. However, it is up to debate whenever these services could really become useful in the mainstream world and survive for the long term.

If systems like these gain wide acceptance from real world governments, such as the ability to use a blockchain issued passport from within almost any country, then I could see a bright future for it in the upcoming years.

It is only a matter of usability, and real world acceptance, for these platforms to succeed.

Nevertheless, I would like to know your opinion about blockchain governance being worth it or not. 

I think that "gouvernance" and "trustlessness" are incompatible notions.  The best one can do in this domain is a smart contract.

[jmpFCE2]

yes , totally worth it, go  ALLiN!!!!

[Abiky]

I think that "gouvernance" and "trustlessness" are incompatible notions.  The best one can do in this domain is a smart contract.

Yeah. There will always be a "trust" system in governments, but it may all change with the power of the blockchain and the use of smart contracts.

It would be very awesome to have a fully automated governance system where "trust" is not required. Smart laws, decentralized identities, and more can be implemented into a trustless governance platform without the need of any operating central authority. Imagine a nation without the needs of any central management whatsoever, by just using the blockchain technology and enforcing laws via smart contracts. Just sharing my thoughts.