Some blockchain technologies support dictatorships around the world, thus help them evolve. For example, NEM was involved in creation of El petro in collaboration with Venezuelan government, which is obviously a dictatorship, and gained support from non-democratic Russia. It also tries to establish blockchain in failed states, such as Abkhazia, and Armenia, where political stability leaves much to be desired.
Is it ok for dictators to possess blockchain or is it an obvious threat to democracy? What do you think?
Blockchain technology can be used freely and without a doubt can get into the hands of different regimes, but “a threat to democracy”? It seems to me you don’t quite understand how blockchain really works. However, NEM’s involvement in some shadowy projects is unquestionable and I’m really concerned about it