Blockchain backed by value (bitcoin) could provide transparency in Government Road projects

in bitcoin •  6 years ago 

Implementation of blockchain into the road development process could lead to accountability. Keep an eye on this.https://www.digitaltrends.com/computing/can-governments-benefit-from-implementing-blockchain-technology/

Governments protecting against governments The main purpose of blockchain in governance, at least in its current guise, is data integrity. That’s what it’s used for in most cryptocurrencies, too. It creates trust in the currency’s validity because no one entity can change it without everyone knowing.

“No one from the government could change what the blockchain says.”

In the case of government data, that makes it harder for other nations to hack it or rewrite the data’s history. Estonia says it’d be difficult for anyone to interfere with its digital voting infrastructure, or health records, without giving themselves away. Adding a blockchain layer to a government’s digital ecosystem even prevents the government from altering the historical record. It can’t change one database entry and cover up the logs – it’d have to change every single entry. Even that’s impossible because physical nodes, like the Financial Times, exist.

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Posted from my blog with SteemPress : https://flbikeped.com/2018/07/28/blockchain-backed-by-value-bitcoin-could-provide-transparency-in-government-road-projects/

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