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RE: Government On The Blockchain: An Evolution In Taxation Allocation And Democratic Accountability...?

in #blockchain7 years ago
  • Governments are going to use blockchains.
  • The USD will become digital.
  • Governments will hold cryptocurrencies.

I have little question regarding the govermental adoption of blockchain.

I like your comments on transparency - a properly implemented solution would solve many issues in politics. There are many implementations that I believe could be dangerous. Verification powers given to 'trusted' organizations...
A true implementation would most likely involve too much decentralization for the governments to get messy with. I would love to be wrong here.

It will be interesting how governments evolve with crypto KYC/AML regulations. This will most likely impact exchanges the most. How will decenteralized products (exchanges) fit into the govermental regulatory model. The USD is going digital, (a sort of cryptocurrency where the US Government is the only block signer) when it does it will bring along strong KYC/AML systems built right in.

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