In our newest report, , we explore those possibilities. Public trust in American lawmakers (particularly at the national level), elections and democratic institutions has plummeted in recent years.
While there are many contributing factors, the explosion of digital information, digital misinformation and outright abuse has played a major role in this downward trend. To restore confidence in the core tenets of our society, leaders need solutions tailored to an increasingly digital world.
Additionally, blockchain presents direct opportunities for cities — voting, real estate, transportation, energy, water management and more. The potential exists for local governments to utilize blockchain to lower costs, improve efficiency and create a framework to accelerate innovation, access and accountability in public management.
Blockchain is a shared database or distributed ledger, located permanently online for anything represented digitally, such as rights, goods and property. At its core, it is a secure, inalterable electronic register.
Through enhanced trust, consensus and autonomy, blockchain brings widespread decentralization. This is a departure from the traditional role that centralized intermediaries or entities — such as banks — played to manage our valuable transfers. Read more from citiesspeak.org…
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