…what is often neglected is the possibility of authoritarian regimes flipping the switch by using blockchain technology to create systems and applications that limit individual liberties for their citizenry.
OLD UT RELEVANT STUFF —> Blockchain technology has spawned a new decentralized economy, effectively taking power away from centralized authorities and handing it back to the people. Many blockchain advocates firmly believe that the new technology will accelerate the pace of innovation and lead to greater freedom and transparency in society as well as enhance peer-to-peer transactions.
While blockchain tech is mostly associated with the corporate world including numerous crypto startups, distributed ledger technology can be deployed in a wide array of applications even in the public sector. Not surprisingly, governments across the globe are busy investigating and implementing distributed ledger systems for everything from health records and electronic voting to land registrations…