Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on November 09, 2018, 01:31:44 AM
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This is a laudable idea because Blockchain technology eliminates all fraudulent activities seen in some businesses in relation to their payment systems. The Blockchain keep records of all transactions which ensures transparency and trust. The governments can utilize it to minimize or check the uprising incidence of corruption.
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Blockchain is very safe to use to store all transaction data and recently tax payments in my country have used blockchain technology, even though crypto is still not approved, but I'm glad the government has adopted this technology.
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I like the idea of blockchain being utilized by government institutions to be more transparent and less corrupt. This is going to take a massive overhaul in their system and some retraining of everyone in the government.
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Some people in the government will not agree to be penetrated by blockchain to audit the funds in and out of the system. Why do you think they will not let it happen? IF corruption to be check many of them will be exposed definitely.
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of course it is very possible bro. precisely now in the country of Indonesia. already using bleckchain in every animal in Indonesia. because with Bleckchain financial data can be more tidy and to avoid corruption. which is now rampant in Indonesia
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Nice thought there definitely yes blockchain technology is a very large application secure and transparent authority can monitor the fraudulent transaction thru blockchain technology
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Well if they decide for blockchain being utilized by the officials or governments , that will for sure carry blockchain and cryptocurrencies positions into a better place . So trust will bring demand and it will affects supply . Corruption and money laundring is another issue to be careful with .
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If government wish to implement block chain technology to mitigate corruption,that will be a nice strategy and its will definitely reduce corruption due to its decentralized nature.
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Of course they can, how u see blockchain technology is now fully utilized in all areas, and the results from this are very positive, so if governments will want to do this, they will do it without any problems.
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It is possible to some department in the government I guess. I do not think blockchain tech will be accepted on departments where national security is involved.
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I disagree! Block chain from the description itself "decentralized" could not catch even a single corrupt person. Instead, it could promote more people to do corruption because it's decentralize. They will not be caught by anyone by their wrong doing.
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that gonna be hard though
in crypto every single transaction is anonymous that mean no one can know who is sender as person and the receiver too
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if the blockchain is applied to larger activities it will give order to many fields, especially corruption that afflicts a country. this requires the commitment of all parties to use blockchain and crypto
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Actually this is correct if the governments allow to utilize Blockchain to check corruption because of the power which is hold to the members and I agree if one of the leaders in every country mandated to be a seriously checking the documents to avoid illegal transactions.
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All that is possible, but the problem is that Bolckchain is still widely banned in many countries. in my opinion it is good if practiced. if it works it can be an example
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They can but I am not sure they will. If the government ever uses blockchain to checkmate corruption, it will help a great deal.
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I think corrupt behavior cannot be prevented by blockchain technology because this technology is only a recording system. While the act of corruption is not only related to the transfer of funds between one party and another, but its scope is very broad, corrupt behavior can only be limited by money transfer regulations and policies.
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I think it suppose be a tools to stop corruption but just imagine how to initiate it when the wallet are private and the cryptocurrency is not a major currency accepted and in used by government.
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Corruption is making the country more devastating and if the government uses Blockchain technology to prevent people from corruption, that is a very good idea. Blockchain technology is very safe, but if you look in some countries, there are people who don't accept this Blockchain technology. Of course, this will have a negative impact on the growth of the Blockchain. But we believe that Blockchain has a very good future.