Why does the government hate bitcoin and blockchain technology? This is due to their inexplicable involvement in corruption and their blatant support for it. - by august_caesar01 blockchain cryptocurrency
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In the aspect of DIMBS, blockchain technology could help combat the sluggish process of documenting and scouting for already documented data of an individual. It would also help in the validation of the recorded data and give no room for fake and manipulation of identity data documented in a Database System.The voting and electoral process of a country is an important activity for bringing leaders into power and various offices of a country.
Implementation of blockchain in the banking sector of a country would help combat the hassles of bounce rate and the increasing number of failed transactions and bring it down to its barest minimum. In this area, Blockchain would help in monitoring every disbursement of government revenues in the country and also help in putting it out for the public to see.
In an emergency situation which demands the administration of quick treatment, A doctor could easily refer back to the past medical record of that patient placed on the blockchain in order to determine the necessary treatment for that patient instead of wasting time on carrying out another series of determinant tests—as that might just lead to the patient giving up the ghost.
The Finance Ministry of a government is undoubtedly the sector where corruption is most dangerous and critical to the economic welfare of a country, however, corruption in this sector has proven to be rife.
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