Randomness Beyond Casinos and Gambling
From Chance to Justice: Utilizing Randomness for Equitable Taxation and Governance
In the realm of blockchain technology, the concept of unpredictable randomness often conjures up images of gambling and games of chance, “the famous dice roll”. However, beyond the allure of these recreational activities lies a profound and transformative use case that has the potential to reshape societies positively. One such application revolves around the execution of high stake checks that demand the computation of all possibilities but must be conducted in an unbiased manner. This opens the door to leveraging the power of publicly verifiable and unpredictable randomness to ensure fair and just governance in critical areas like taxation. But without getting technical, let’s give a simple example.
Consider the scenario where a government is tasked with imposing taxes on various companies operating within its jurisdiction. In an ideal world, the government would examine and tax each company according to its financial standing and contributions to society. However, this approach is often impractical due to the vast number of companies and limited resources at the government’s disposal. Manual auditing of every company would be an arduous and time-consuming task, fraught with the potential for human biases and errors.
This is where the groundbreaking potential of unpredictable randomness comes into play. By integrating a publicly verifiable and unbiased random mechanism like what Nois in blockchain provides into the tax assessment process, the government can ensure fairness and impartiality. Here’s how it could work:
1.Random Selection: The government employs a transparent and tamper-proof random selection mechanism built on the blockchain. This mechanism would randomly pick a representative sample of companies from the entire pool, ensuring that each company has an equal chance of being selected.
2.Auditing Subset: The selected companies are then subjected to thorough audits and tax assessments, encompassing the exhaustive examination that would be applied to all companies if resources were limitless. Since the randomness ensures an unbiased selection, there can be no accusations of favoritism or targeting specific entities that might be for example in conflict with the government.
3.Extrapolation and Fairness: The findings from the audited subset are then extrapolated to the entire population of companies. By employing statistical methodologies, the government can confidently estimate the overall tax liabilities of all companies based on the subset’s results. This extrapolation ensures fairness and a reasonable approximation of the tax burden across the entire business landscape.
4.Public Verification: Crucially, the entire process is publicly verifiable. The random selection mechanism, audit procedures, and extrapolation methods are open for scrutiny by the public and stakeholders, ensuring transparency and accountability. The government’s actions are subject to validation by the citizens, enhancing trust and confidence in the tax system. i.e a company cannot accuse a government institution for being corrupt because the selection is mathematically proven to be unbiased, and everyone can verify the outcome of every single selection.
The application of unpredictable randomness in this context not only streamlines the taxing process, saving valuable resources but also upholds the principles of fairness and equality. By eliminating human biases and potential corrupt practices, the government can demonstrate its commitment to treating all companies equally and promote a level playing field for economic growth.
Beyond taxation, this novel use case of unpredictable randomness has the potential to revolutionize decision-making processes in various sectors. Whether it’s distributing limited resources, selecting beneficiaries for social welfare programs, or even in the realms of justice and law enforcement, leveraging publicly verifiable randomness can enhance societal cohesion and foster a more just and equitable future. As technology continues to advance, it is essential to explore and harness its potential for the betterment of society, and this application of unpredictable randomness is a shining example of its transformative power.
At Nois our main goal is to make the integration of such technology for the developers as easy as it could get and hopefully we could bring some more fairness and justice to this world.
