Reading: Magic Blockchain Dust Mati Greenspan | Jul 06, 2018 | 15:00 This one really threw me for a loop this morning… Firstly, kudos to the Australian Government for embracing and exploring opportunities in blockchain. But some people are wondering is how blockchain can improve government services.
Blockchain technology’s main use is for creating immutable, open source, borderless, censorship-resistant, and trustless data. These are not usually something government services need.
Whatever the Australian Government is working on to improve data security and whatever else might surely be done more efficiently with a centralized database. The more I dug into this story though, the more I found things just not adding up.
Buzzwords like blockchain, artificial intelligence, and quantum computing are being thrown around, and it seems like a lot of people don’t really understand what they mean. Both IBM and Australian politicians are claiming this as a win, even though it’s not at all clear how this will affect the already murky relations between the two parties.
What is clear is that if Australia would like to meet their goal to be one of the top three digital governments in the world by 2025, they might want to start by fixing the internet, which is reportedly slower than Khasakstan. If governments around the world want to help foster innovation with blockchain, which they should, the best place to start is by creating the right regulatory environment for companies to start disrupting business activities and sectors that are ripe for change. Read more from bitcoinist.com…
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