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Author Topic: Can govt. be more transparent if Blockchain Technology was to be adopted?  (Read 150 times)
Cryptoprincess101 (OP)
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April 24, 2024, 02:59:04 AM
Merited by Halab (2), Marvelockg (2), DdmrDdmr (1), CryptopreneurBrainboss (1), Samlucky O (1), Judith87403 (1)
 #1

Sometimes I do reason that our government have been manipulating revenues that are generated by every parastatals in the country for so long now and they will just come out and be giving their own analysis even when they are inaccurate because they use these mediums to embezzle public generated funds and afterwhich they will come out to make baseless claims on how the revenues are being spent or distributed to equip social amenities and bring the dividends of democracy closer to the people when will all knew that they are mare fabrications and lies.

Don't you think that introducing the Blockchain Technology or something similar will make government become more transparent since the revenues that are generated and it's expenditures will be visible to all in the Blockchain? Let's discuss

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April 24, 2024, 05:59:27 AM
 #2

It's as more obvious as you described the scenarios of the government possible means of fabricating stories for public fund embezzlements.
How do you mean if blockchain technology was adopted? Do you mean if it's an approved means for payments in the country or if the government could alternate a revenue sources on the blockchain?
But anyhow, if the block chain was adopted, the government Will always be authoritative to govern the system and believe it Op that they'd always find means of making away and still gives those unrealistic accounts about projects being spent those public funds on.
This is just on like giving a mere account for implemented and executed projects so, they can as much manipulate the system on same drastic accounts of giving false executed analysis.
Let's just consider that as the power of the government supersedes the masses in Naija, so as much they're not answerable to the samed masses.
This is Naija where everything is possible.

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April 24, 2024, 06:30:47 AM
 #3

How do you mean if blockchain technology was adopted? Do you mean if it's an approved means for payments in the country or if the government could alternate a revenue sources on the blockchain?

What I mean is if government can create a platform as similar to how the Blockchain Technology works such that everyone will have the liberty to see how public funds are being disbursed to every Angle of government in order to check mate the transparency of the government such that it will not be easy for them to manipulate anything reason being that everything is visible and accessible for everyone to see how the government is being runned, that's what I mean.

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April 24, 2024, 09:00:48 AM
Merited by CryptopreneurBrainboss (1)
 #4

How do you mean if blockchain technology was adopted? Do you mean if it's an approved means for payments in the country or if the government could alternate a revenue sources on the blockchain?

What I mean is if government can create a platform as similar to how the Blockchain Technology works such that everyone will have the liberty to see how public funds are being disbursed to every Angle of government in order to check mate the transparency of the government such that it will not be easy for them to manipulate anything reason being that everything is visible and accessible for everyone to see how the government is being runned, that's what I mean.
Currupt Government Like Nigeria will never want such thing. As a matter of fact, that is the more reason why the currupt leaders in power don't like cryptocurrency because blockchain technology will never allow them to do what pleases them.  Although it would have been the best option but trust Nigerians they will prefer to use centralised financial system where everything is controlled by some group of people. Nigeria government is a currupt government they know all this things and how effective it will be on them, that is why they don't want it to come any closer. It can only be possible if we have new system of leadership expecially the youths with enthusiasm of crypto currency. This youth will be the one to enlighten more people on blockchain ⛓️ technology. And enforce or mandate it to the masses just like they enforce us to register Nin and  registration of Sim card before Use. When it becomes a mandate people will have no option than to use it as an option.

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April 24, 2024, 12:47:09 PM
 #5

Don't you think that introducing the Blockchain Technology or something similar will make government become more transparent since the revenues that are generated and it's expenditures will be visible to all in the Blockchain? Let's discuss
The government are corrupt and this is not just in Nigeria all over the world and no government will ever want this and that's why they are always against Bitcoin because it's decentralized and they can't control it.

Government will always want to have control of everything in the country, so that they can manipulate anything in their Favour and this is what we do see in the devaluation of our naira. Though they may always support blockchain projects but if it will be use for transparency against them they will be kick against it because of their manipulative schemes

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April 24, 2024, 05:30:27 PM
Merited by hugeblack (4)
 #6

I will tell you the truth the government can never be transparent whether blockchain technology is to be adopted or not. Our government has been into the technology sector for long and there have been some budget and allocations that were made from the federal system to enhance or equip local areas who are not fully aware of this technology and also the youths who are willing to learn or join the train would be employed into the sector. All these promises were made to the public but what happened in the end, still the same embezzlement of funds.

I can remember vividly of a place in River state they were to build infrastructure that would employ over 1000 to 2000 River state citizens but up till today the project and funds for it was stolen by the state government. The worst case is for the government to be involved in cryptocurrency; we all have seen their fight against it from the start.

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April 24, 2024, 07:50:11 PM
 #7

Don't you think that introducing the Blockchain Technology or something similar will make government become more transparent since the revenues that are generated and it's expenditures will be visible to all in the Blockchain? Let's discuss

If the government get holds of the blockchain technology and decides to adopt it, the transparency aspect of it will be checked into and manipulated into a way it will only benefit them and cannot be traced by any other person. Some countries already have regulations in place on cryptocurrency and I haven’t seen their citizens putting them into account for not been transparent in such actions. The truth is that you can’t fight the government and what will not be of benefit to them will not even be condole by them.

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April 25, 2024, 03:31:08 AM
 #8

 Quick question; if nah you dey in the shoes of the government officials and you dey chop money Wella, you go wan approve of something wey go expose you or limit your cash flow? Not possible. See e go hard before such a thing go dey implemented since e go make a way for them to dey transparent to the public and becos dem know say them dey embezzle funds, adopting something like a Blockchain technology is not an option.

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April 25, 2024, 11:39:34 AM
 #9

Blockchain technology no go solve our problem as our problem big pass this one, for country wey people come out say na rat, snake, monkey and so on chop money yet nobody do anything. Country wey we dey openly see say politicians dey embezzle money and nothing we fit do to question them, na that same country wey you dey think say blockchain technologies go help? Countries wey no ready to help itself nothing fit help am, other countries are doing it without the help of Blockchain technology so we first need to get things rights before technology go come enter and make am better.

Quote
Don't you think that introducing the Blockchain Technology or something similar will make government become more transparent since the revenues that are generated and it's expenditures will be visible to all in the Blockchain? Let's discuss

Loopholes dey for everything, our politicians go still find way run their things wey we still no go know wetin dey sup. Dem fit still do am without caring if we dey aware or not, for an example, Bitcoin transaction are opened to everybody to see but when things like mixers comes in it make it difficult to be able to monitor where a Bitcoin transaction is heading, na the same thing them go do for any other thing wey you dey think of. Blockchain is a free world where nothing is being regulated or controlled therefore it is also one for the easiest places for things to be manipulated for those that have the  right technology because no matter how we like am some centralized services will still be needed to implement the technology into anything we want to do.

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April 25, 2024, 12:32:48 PM
 #10

Don't you think that introducing the Blockchain Technology or something similar will make government become more transparent since the revenues that are generated and it's expenditures will be visible to all in the Blockchain? Let's discuss

Well this your question of transparency I will liken it to the saying of our people that if you like bathe a pig that don't stop it of going into a dirty or even feed on dirty things. The problem is not Blockchain but human and the harden of heart to do evil , the mentality to which we operate as nation lacking some level of integrity,  but mostly believe on extravagant and fame can't allow the process to functioning. Another thing is the ethnicity and religion because even when illegality is observed if the process is to work will still hinder transparency to take place, we as nation must eliminate first ethnicity and religion and focus on integrity and rewarding good work and dignity when this is dominant such thing can level up any reminant left as impunity as the people mindset is already changed.

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April 25, 2024, 03:33:46 PM
 #11

Blockchain technology no go solve our problem as our problem big pass this one, for country wey people come out say na rat, snake, monkey and so on chop money yet nobody do anything. Country wey we dey openly see say politicians dey embezzle money and nothing we fit do to question them, na that same country wey you dey think say blockchain technologies go help? Countries wey no ready to help itself nothing fit help am, other countries are doing it without the help of Blockchain technology so we first need to get things rights before technology go come enter and make am better.
It's very obvious that our government don't have the interest of her citizens at heart that is why they always bring up different means of cooking up stories to their taste even when the public do not totally agree to their fallacy. Now how long shall we continue in this perpetual bondage and unkind treatment by our leaders because everyone is quiet now without thinking about the damages this practices will bring to the upcoming generation because they will believe it is a normal thing to embezzle public funds and get away with it. Very bad our leaders have changed our governing system.


Quick question; if nah you dey in the shoes of the government officials and you dey chop money Wella, you go wan approve of something wey go expose you or limit your cash flow? Not possible. See e go hard before such a thing go dey implemented since e go make a way for them to dey transparent to the public and becos dem know say them dey embezzle funds, adopting something like a Blockchain technology is not an option.

In a normal sense what is the work of a government? Is it not to serve the people with honesty, even in the national pledge everything written there is about serving the country and not to embezzle public funds as most politicians are doing now after all they are paid salaries, if government activities were to be strictly checked do you think that many people will be interested in government again? Not at all because it is obvious that majority of those that are hungry for power just do so at their selfish interests that is why they spend so much money during elections with the hope that they would recover them when they are elected into office.

It's very bad that our political system have become so corrupt that no government is thinking about the welfare of the citizens anymore, they make laws, takes decisions without minding who it affects.

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April 25, 2024, 09:36:47 PM
 #12

Sometimes I do reason that our government have been manipulating revenues that are generated by every parastatals in the country for so long now and they will just come out and be giving their own analysis even when they are inaccurate because they use these mediums to embezzle public generated funds and afterwhich they will come out to make baseless claims on how the revenues are being spent or distributed to equip social amenities and bring the dividends of democracy closer to the people when will all knew that they are mare fabrications and lies.

Don't you think that introducing the Blockchain Technology or something similar will make government become more transparent since the revenues that are generated and it's expenditures will be visible to all in the Blockchain? Let's discuss

The government will fight this blockchain technology to stupor for it not to be adopted because of the corruption, African is faced with leaders that are not transparent, leaders that input any figures the like without being questioned for any reason, have ever seen a current president in Nigeria probing his predecessor directly, I think it has not happen here, so one thing I want you to know is this, anything that conots with transparency is not welcomed here because the mindset of many elected leaders is to go and loot for their family ordinarily block chain technology would have been a good inovation if it been allowed to scale through here in Nigeria, we have really suffered in the hands of our leader so much, I want you to understand something today that state generated revenue are not accounted for because the governors of various states feel that the money is a personal money and thats where they make all their money, they pronounce any figure the like in the public and keep the major funds to themselves, i will support the process but am scared if the process itself will see the light of the day, our lawakers alone will misprioritized the bill on ariaval.

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