Coming soon to a country near you – blockchain and all its glorious wonder.
It’s happening. For those of us staying close to the wires, we have seen and heard reports of governments testing, approving and rumors of developing blockchain technology. Soon, we will start reading about confirmed programs being developed and from there, the flood gates will open.
Dubai has made no secret that it plans and fully intends to be a city completely built on blockchain technology. The US Federal Reserve has approved Ripple’s xCurrent software as the preferred cross boarder financial transactions for the US, Japan already made the same move to Ripple for all oversea transfers to Taiwan. And now, news that the EU and UN will be using Ethereum’s blockchain tech to help refugees. The list is long here, from governments creating blockchain sandboxes for developers to other countries in initial research of blockchain…it’s coming, soon and fast.
For the average person like you and I, this is great news. As blockchain becomes more accepted, our personal information becomes more secure with identity fraud much more difficult to near impossible for even the most advanced hacker. But one question remains in my mind: do governments REALLY know what they are signing up for? Making this move potentially places every move they make public and trackable. For US Residents, think about the power of this technology. The pentagon has reported numerous times they have ‘lost’ trillions of dollars. Could this mean that we no longer wonder where our taxpayer money is ‘disappearing’ too? Unfortunately, no I cannot see this happening, at least not soon. But one day, without a doubt I can see this happening. More than likely there will still be ‘off the books’ records, but as blockchain becomes a reality – citizens will demand this forcing the hands of government officials.
The advancements blockchain will provide are far too great to be ignored, I have been clear on my passion and belief on this. Now, think about terrorists. How much more difficult does it become for an organization to create fraudulent passports and gain entry into countries using blockchain? Instant data transfers been nodes on the blockchain provide first time ever real-time data on an individual’s movements, financial transactions and more.
Now, before you go all ‘1984’ on me. Remember, there are BILLIONS of people in the world. No singular government or entity will have the energy nor the desire to watch you go from home to the grocery store and back and honestly, the majority of us are just too boring to track. Could that happen, sure I guess…but to what gain would that benefit a government? Resources would need to developed…you get my point. My focus is the true bad guys. They need to be very afraid of blockchain, once you are keyed or entered into the system – there is no going back, there is NO delete button. You can and will be tracked – and very easily.
So why do I tie blockchain to bad guys (aka terrorists)? Simple – in the U.S. there are a small group of (what I describe as ignorant and uneducated) Senators that are pushing cryptocurrency being tied to ISIS and other terrorists. True, we have had hackers use Bitcoin as payment for their ransoms, but this angle is driven more by fear of the unknown than actual facts. Besides, while I cannot confirm this – I am guessing that they have some US FIAT lying around…should be ban the US Dollar now?
My call to these Senators is simple. Stop fighting cryptocurrency. You are essentially fighting blockchain technology. Spend a few moments studying blockchain (like the rest of the world) and learn just how powerful this technology is and will be. Study how to integrate both blockchain and cryptocurrency into our current world. Once they accept and do this, the fear of the unknown will become the power of the people. Bad guys will still do bad things, but blockchain in government provides better tools to track down these terror organizations and provide the citizens of these countries more transparency into government.
Blockchain is coming to a country near you. Identify fraud is nearing its end. The world and how we engage it is changing. See you in our Brave New World.
CryptoJayson
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