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Author Topic: Government should implement blockchain technology to prevent corruption.  (Read 1147 times)
jeromix
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August 20, 2018, 12:47:35 PM
 #1

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?
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August 20, 2018, 12:56:35 PM
 #2

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

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August 20, 2018, 01:08:42 PM
 #3

Many governments are looking at this option. Since the blockchain is relatively new and is yet to prove itself through time, it's only wise for the governments to wait a little and watch how it evolves. At the moment, many researches are being carried out about ways to implement this seamlessly without causing a hitch.
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August 20, 2018, 01:11:53 PM
 #4

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.  

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August 20, 2018, 01:56:04 PM
 #5

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


This is so right! How can we expect them to do it when they really don't want us to see what they are doing in the senate? But for sure I hope that there would be a time that it will happen.

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August 20, 2018, 02:12:16 PM
 #6

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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August 20, 2018, 02:38:17 PM
 #7

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.

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August 20, 2018, 02:42:08 PM
 #8

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.
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August 20, 2018, 02:42:48 PM
 #9

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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August 20, 2018, 02:53:38 PM
 #10

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.

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August 20, 2018, 02:58:33 PM
 #11

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.

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August 20, 2018, 03:15:41 PM
 #12

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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August 20, 2018, 04:01:25 PM
 #13

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?
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August 20, 2018, 04:30:04 PM
 #14

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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August 20, 2018, 05:02:56 PM
 #15

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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August 20, 2018, 05:25:52 PM
 #16

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.

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August 20, 2018, 05:44:17 PM
 #17

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.

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August 20, 2018, 06:05:34 PM
 #18

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.

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St4yInTh3D4rk
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August 20, 2018, 06:47:27 PM
 #19

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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waqasniaz007
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August 20, 2018, 09:12:34 PM
 #20

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

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