Total Transparency in Government Spending...
@NewWorldOptimist (184)
November 20, 2020 6:16pm CST
Blockchains are a really interesting form of tech that can be put to use in so many ways. For one, as you may have seen me mention before: Blockchain voting. Allows for complete transparency and avoids situations like we are witnessing in the US right now.
Going beyond that, blockchains can also help hold the government accountable to the people for spending. If we each had the freedom to see, in real-time, how the money is spent, we would be able to make much more informed decisions regarding the direction of the nation.
This article makes the case for blockchain in government. What do you think about the idea?
Blockchain can be the solution to government spending and fighting counterfeiting, according to panelists at the IoT Blockchain Summit this week, but hurdles remain in implementing it.
3 people like this
3 responses
@kaylachan (69500)
• Daytona Beach, Florida
21 Nov 20
I highly doubt any govornment would go for it. While I agree they should be held accountable, and it'd be nice to know where our money is REALLY going. I can't see our government changing their ways. For one thing, if it came out how our hard earned tax bollars are being spent, riots could really get worse.
2 people like this
@NewWorldOptimist (184)
•
21 Nov 20
Estonia has used this system since 2008 and a similar system before it since 2005. Our DoD is now working with the Estonian company that built it for the Estonian Gov. That company is also building it for the Thailand (if I remember correctly) government.
We just need to demand an expansion to it. I lived in Estonia for 6 months. Not long enough to try things out for myself, but talked to lots of people who LOVE it. They agree that the US is stupid for being so far behind.
And, yes the people would be mad as hell. It's one thing to know something so upsetting, but to actually see it is a whole different level.
1 person likes this
@kaylachan (69500)
• Daytona Beach, Florida
21 Nov 20
@NewWorldOptimist Oh, I know. We're already not doing so well with limited information. Imagine what would happen if such a system existed, and taxpayers found out how our money was being used? While it would be harder for positions to be dishonest, how the U.S. handles their problems is.... disturbing at times.
1 person likes this
@NewWorldOptimist (184)
•
21 Nov 20
Indonesia used blockchain verification for nearly 13 percent of the 193 million votes that were cast in Jowoki’s reelection bid.
AND
https://www.entrepreneur.com/article/342828
https://www.forbes.com/sites/worldeconomicforum/2019/05/23/how-blockchain-strengthened-indonesian-democracy-and-could-the-same-elsewhere/?sh=39019bb62c3a
1 person likes this
@NewWorldOptimist (184)
•
21 Nov 20
We all just need to push a little harder to expand it in our respective countries.
@Cheyee (8344)
• Pakanbaru, Indonesia
21 Nov 20
@NewWorldOptimist actually it's jokowi, not jowoki 
I live in Indonesia for 34 years and I think our government now is the worst. They contain bunches of liars. There made a lot of unbelievable policy. But they are really good at media handling.
I live in Indonesia for 34 years and I think our government now is the worst. They contain bunches of liars. There made a lot of unbelievable policy. But they are really good at media handling.1 person likes this
@NewWorldOptimist (184)
•
21 Nov 20
The Philippines is starting to adopt it as well! It's a small step in the right direction:
The Philippines has launched a blockchain-enabled mobile application for the distribution of government-issued bonds
1 person likes this
