Imagine Government Spending Using Blockchain Technology
Imagine how different Government spending would be if the Government used Blockchain technology to record all spending. As anyone who has made a payment with cryptocurrency knows, the record of the transaction can be easily looked up for all to see. Imagine if we could see every transaction the Government makes, every dollar spent. I suspect Government waste would be drastically reduced.
Blockchain technology would also eliminate the "back office expense" as much of the accounting would be built into each blockchain transaction. We would need fewer people to oversee and report on financial transactions which would lead to additional savings. This would also prevent fraud as "missing money" would be almost impossible to explain.
Posted from my blog with SteemPress : http://cryptohodl.group/imagine-government-spending-using-blockchain-technology/
Congratulations @cryptohodlgroup! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!