Contents
- More openness for better decentralization
- Cardano launches lab at University of Edinburgh: details
Blockchain can radically transform governance
Vladislav Sopov
Charles Hoskinson unveiled how blockchain instruments can transform government institutions
Charles Hoskinson, CEO and co-founder of IOG, the software studio behind Cardano (ADA) blockchain solutions, shared his views on the prospects for blockchain-based instruments in government systems.
More openness for better decentralization
Mr. Hoskinson sat down with Yahoo Finance’s The Crypto Mile podcast to discuss the most promising uses for blockchain systems in management solutions.
Imagine that tax revenue is open source, everyone can see where the money comes from, where it goes and traditional governing bodies are evolving in efficiency + efficiency at the same pace as the iPhone. Blockchain and Gov with Charles Hoskinson @IOHK_Charles
– Brian McGleenon (@BMcGleenon) July 15, 2022
Hoskinson says that as distributed, democratic and unlicensed systems, blockchain systems can make public services more accessible than ever before:
It enables the poorest and most vulnerable person in society equal access as the President of the United States, and it has never been the case in the history of mankind that this has been the case.
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It can also prevent a nation (USA, China) from gaining overwhelming control over global political processes. This in turn will increase the quality of the steering:
It is a better way to do things with less friction, less fraud, less waste and abuse and more openness and ultimately less consolidation of power.
In addition, blockchain-based government systems will be seamlessly interoperable with the same systems in other countries.
Cardano launches lab at University of Edinburgh: details
To begin with, the public service sphere has a number of utility issues that are crucial for the use of blockchain technology, such as land contracts, commercial and government voting, health information, educational credentials, tax and legal information and so on.
To study various aspects of decentralization and its use in governance matters, the IOG will establish a new entity within its partnership with the University of Edinburgh. Mr. Hoskinson stressed that his team will study all blockchains, including Bitcoin (BTC) and Ethereum (ETH), to find the one that is best suited for such uses.
As covered by U.Today earlier, the Cardano (ADA) is getting closer to the most crucial update in several months, the Vasil hard fork. It is set to optimize the transaction logic of Cardano (ADA) and make it more suitable for seamless dApps onboarding.
