Joined: 20/09/2018(UTC) Posts: 1,975
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Peter61;332371 wrote:ben ski;332238 wrote:Potentially the biggest news is that Elon Musk's looking into using blockchain to improve government efficiency. This could mean being able to track where every tax dollar's going β you could build maps of where it's being wasted, stolen, etc. Incredible idea β and one of the first real use-cases for blockchain.
This is the danger and opportunity. A lot of smart people working on blockchain technologies for years now. No real uses for it β just the belief that someone would find one at some point. And this might be the first of many.
But this possibly marks the point where fantasy meets reality. With a real use-case, it'll be interesting to see whether it makes sense to use Ethereum, or find a niche blockchain, or build your own ... If this is an early stage technology, current market leaders could be the Spectrums and Amstrads of this phase. One thing with Bitcoin: it's very slow. What does blockchain bring to the party that a conventional DB doesn't? The challenges with controlling government spending are things like lack of accountability, a culture which tolerates waste, a lack of processes and systems to accurately record expenditure and politics (it's easier to drive pet projects and paybacks if no-one can track the money). The technology to track the money is not the hard part to fix. Pete A while back the UAE Police adopted Cardano's Blockchain - "The Dubai Policeβs Cardano-based pilot project focuses on secure data management, providing a platform for sharing sensitive information related to criminal investigations. This innovative integration of blockchain technology ensures a high level of security, enabling collaborative analysis of forensic data without compromising its integrity." https://www.cointrust.co...criminal-investigations
Tamper proof in an area where corruption could be both tempting & lucrative.
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