source
Technology is evolving at a breakneck pace. In effect, there are numerous ways to live that sprout here and there. Such an occurrence of new ways of dealing with things does not appear to be ending.

Because it is a reality that we as digital citizens must deal with, rules and policies must be constantly revised and updated in order to maintain peace and order. Without such rules, human life as we know it would be very chaotic and unorganized, resulting in a world that would be extremely difficult to manage and govern.

AI SHOULD BE PRESENT BEFOREHAND

source
Because technology has improved our lives so much, some radical ideas are being introduced into areas where technology does not appear to be applicable at all. For example, there are currently proposals circulating that computer programs be used to replace some human services.

According to experts, because computers are not subject to fatigue and exhaustion in the same way that humans are, they have no chance of displaying irrational behavior or making bad decisions. Artificial Intelligence is the name given to such an endeavor (AI). However, for the time being, such systems are nowhere near as efficient as humans in analyzing or making sound decisions.

However, certain technologies can be used to make human tasks such as checking, verifying, and monitoring massive amounts of data so efficient that tampering with such data is nearly impossible. Today, there is a technology known as Blockchain that computer scientists believe is the most important piece of digital technology ever invented.

HOW BLOCKCHAIN CAN RE-SHAPE THE GOVERNMENT

source
The operation of Blockchain systems can be summarized as a group of computers linked together in a single network, holding database files that anyone can access from anywhere at any time. The main idea behind Blockchains is that they are decentralized - there is no central governing authority that is superior to the other computers in the network.

What makes them so secure is that everyone can monitor everyone else's activities. As a result, when a transaction occurs, it can be verified or declared as valid by other network participants. While such a concept quickly sparks debates about privacy concerns, it can also be used to implement a foolproof system in which deception and corruption are kept to a minimum.

So, how do Blockchains fit into politics and governance? The applications for such a piece of technology are truly limitless; however, for the purposes of this discussion, let us limit ourselves to a few. Notarization and copyrighting are two of the most promising areas of law where blockchains can be used. For example, if a songwriter uploads his song to a Blockchain, the digital signature of that song will be permanently engraved there.

A unique identifier for that song will be recorded in the Blockchain database during the uploading process. The identifier or digital signature of that song will be replicated and distributed to other network participants. When someone tries to change a single copy of the song's signature, the other copyholders will consider it invalid because it does not match the other copies in the network. Such is the brilliance and beauty of decentralization.

MONEY IS NOW DIGITAL, AND THE GOVERNMENT SHOULD ADAPT TO THIS HUGE CHANGE.

source
Blockchains are also very useful in other fields, most notably cryptocurrency, or the newest form of money today. Bitcoin, Ethereum, and Ripple, also known as digital cash, are currently sweeping the financial world. Many young investors, as well as seasoned elderly businessmen, have been reaping huge profits from cryptocurrency investments for years.

Because Bitcoin and its ilk are not based on physical resources such as gold or petroleum, and because they are hosted within decentralized digital machines, no governing body can manipulate the ebbs and flows that occur within them. It goes to show that a society or country that trusts Blockchain technology can have a better flow of financial transactions, much cleaner and more accurate electoral activities, and a much better overall economy.

Statistically, any entity that uses Blockchains can be extremely profitable. Since Bitcoin's inception in 2009, its value has skyrocketed from a few dollars to around $19,782 per single coin these days. Bitcoin's growth rate is so rapid that by 2050, the value of the most popular cryptocurrency will have reached $1000,000.

BLOCKCHAINS ARE NOT PERFECT; THERE WILL ALWAYS BE RISKS.

source
However, Blockchain, like any other man-made system, has its own set of drawbacks and limitations. The most famous of these is known as the "51% Attack." The idea behind such a threat is that if more than half of the network participants band together to orchestrate a hacking spree against the Blockchain, the chances of them breaking through the otherwise impregnable system are extremely high.

However, such a scenario would be unrealistic to even consider because it is extremely unlikely to occur. Because 51% of participants must be skilled hackers or computer programmers in order for their act of sabotage to function properly. Because computer programming is one of the most difficult things to learn in the field of computers, only a small number of people are able to learn it, making gathering a large number of hackers nearly impossible.

To summarize, it should be acknowledged that Blockchains can indeed be a great tool in bringing about a type of society that is safe, secure, and extremely profitable.

THANKS FOR READING