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Blockchain for Better, Fairer Government?

By Podcast Network

Encouraging governments to use and implement blockchain, the theory goes will lead to more transparency, data security, streamlined communication and reporting. All around the world, there are billions of hours and dollars wasted on tedious bureaucratic processes. Blockchain for government is providing a public audit. This public audit log has the potential to be free from manipulation and immutable. Forgeries and outright fraud can be made more difficult. Audit logs rest upon nodes, which carry copies of the distributed ledger. One criticism, for example, of the federal security apparatus within the United States prior and during 9/11 was the lack of departmental communication. Blockchain could streamline that. Whichever agency drops the ball in terms of protecting the public would be clearer from an audit log standpoint.  

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