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About the Episode
Encouraging governments to use and implement blockchain, the theory goes will lead to more transparency, data security, streamlined communication and reporting.
All around the world, there are billions of hours and dollars wasted on tedious bureaucratic processes.
Blockchain for government is providing a public audit. This public audit log has the potential to be free from manipulation and immutable. Forgeries and outright fraud can be made more difficult. Audit logs rest upon nodes, which carry copies of the distributed ledger.
One criticism, for example, of the federal security apparatus within the United States prior and during 9/11 was the lack of departmental communication. Blockchain could streamline that.
Whichever agency drops the ball in terms of protecting the public would be clearer from an audit log standpoint.
Mentioned in the episode:
Rothbard's Anatomy of the State
Clip of Assembly member from NY
Dubai on becoming a blockchain powered government
UK mp Hughes' report
Australia's deal with IBM
Bitcoin dot com News Desk
Identity - Take Control Of Your Personal Data - Persona, Civic
About the Hosts
C. Edward Kelso
C. Edward Kelso has written hundreds of articles as a journalist covering a range of topics from international finance, regulation, to cryptocurrency philosophy, interviews with luminaries, and book reviews. He is a longtime journalist focusing on financial technology, with a particular emphasis on global political structures and their influence.
Being based in San Diego, California USA allows him to experience binational economic arrangements (Mexico and the United States mostly) alongside a local hub of technology sector businesses -- from genomics to mobile phones.
Matt Aaron has been podcasting since 2013, when he launched the Food Startups Podcast.
He recently found a second love in cryptocurrency and blockchain and hasn't looked back.
His first major investment into cryptocurrency was the money he made betting on (but not voting for) that Donald Trump would win the 2016 election.
Matt believes that public blockchains and cryptocurrencies are the solution to the many problems exposed of the current banking system in the 2008 financial crisis.