The Biggest Losers In Blockchain Tech Are Not Late Bloomers to Crypto But…:
…the public officials who ignore its implications early on. I’m going to lay out three points that will make you realize that blockchain technology is essential for the prosperity of your future. First, a little 101 (not too technical, just the gist). This is a non-technical guide. For more technical information, visit www.OurInsite.com:
Blockchain (noun): a decentralized and distributed ledger; a database that is run by different servers, not one central server, which prevents fraud, centralized control, and hacks; an immutable list of transactions that is incorruptible due to hashing, which is an indexing system that acts like a fingerprint on a block (blocks on blockchains hold hash data from a previous block which is what makes it resilient).
Why is it essential for future prosperity?
1. The records of a blockchain are immutable (well, the open and public ones) the structure should be planned. Local governance at its best is people in the community coming together to inform representatives of what they want. If this doesn’t happen with a record that could live on past our lifetimes, then we leave the structure up to big banks;
2. Oh yea, big banks are already making great strides on this technology. Not just big banks, but Disney, IBM, NASDAQ, to name a few. If governing bodies allow the rules to be set before they enter the game, then are they truly the governing body?
3. Blockchains can sharpen your local governance. It can increase transparency and efficiency and prosperity. It can help enrich, with valuable utility assets, any local terrain. How? Use Case: affordable housing could be enabled with node operation — basically a computer that hosts a server. This not only strengthens the respective network of computers on the blockchain, but can make money for residents because after residents are trained to validate transactions, they can receive fees for doing so.
Use Case: E-voting
If you live in Los Angeles the last thing you want to do is wait in line to vote. Because what that REALLY means is you have to navigate traffic on a work day, find the impossible (permit-less parking), and make sure you’re at the right polling location. The savvy it takes to figure out where to vote is more intricate than to to figure out how to vote cast a vote to a blockchain, using a simple and secure website interface. Further, because blockchains are immutable, it’s more secure and tamper-proof than even in person polling or mail-in votes. Finally, the e-voting doesn’t require intermediaries, they go straight to the queue to be validated and validators are incentivized to move quickly. We can still have polling places, but they might just be places to go to when you really want to or centers to learn how to vote on a blockchain.
The key is not, does the technology work, it’s are the politicians savvy enough to see that this is a win-win. I’m betting that they do…with a little help.