- Trending Categories
Data Structure
Networking
RDBMS
Operating System
Java
MS Excel
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
Physics
Chemistry
Biology
Mathematics
English
Economics
Psychology
Social Studies
Fashion Studies
Legal Studies
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
Government implementing Blockchain to reduce Complacency
A quality that results from our comfort level after becoming accustomed to a particular environment or stimulation is complacency. For instance, a motorist may be too cautious when driving on rugged terrain for the first time. He is very calculated. Therefore, it makes sense that he would move slowly. The motorist would move quickly after repeatedly driving through that same terrain since he would have grown accustomed to it. As his confidence grows, he may become complacent that he disregards obvious and fundamental safety precautions, endangering his safety. I once overheard a boss discussing his thoughts about the difference in workplace productivity between contractual and regular employees.
Contract workers always gave their jobs their utmost effort since they knew that failing to do so could endanger their ability to remain with the organization. However, after they are employed and regularized, they tend to lose interest in their work due to the comforting thought of job security, familiarity with their surroundings, and mastery of the activity with its predictable and routine nature. However, rather than producing a more effective outcome, ironically, performances move slowly and produce low-quality results. Human error and disregard for health and safety regulations inevitably harm processes and procedures. When workplace complacency becomes an entrenched habit difficult to eradicate, end users are short-changed with subpar service.
Redefining industries with Blockchain
As taxpayers, we are entitled to quick and effective services that we know governments long to provide but cannot do due to ingrained practices and established norms. Every year, bureaucracies cost a lot of money and squander many people's money. Governments can investigate the potential for introducing blockchain technology to service sectors that most need it by adopting it, saving a significant amount of money from their budget.
Election
The controversy surrounding elections just doesn't seem to go away, does it? Why? They are very unreliable because you will always hear accusations that they have been rigged from the start and because there is a lack of transparency. So, how can blockchain help to solve this issue? Technology has been purpose-built to make it impossible for anyone to hack it, and security breaches have become a thing of the past. Not only will the possibility of fraud be eliminated, but the level of authenticity will also increase significantly simultaneously. Blockchain-based voting eliminates any opportunities for identity theft and makes it impossible to tamper with the results.
Taxes
Millions of people struggle to understand taxes and related procedures since they are a subject of never-ending debate. Smart contracts will eliminate any chance of human error by introducing smart contracts, which will change the entire industry. Additionally, you simply cannot avoid paying taxes, which significantly reduces the rate of fraudulent operations. As a result, the entire process of collecting and reporting taxes becomes much more streamlined and customizable.
Virtual Identity
The main goal of blockchain technology is to speed up and greatly improve government transactions. It is simple to gather and verify the whole database of public documents in real time, and it is also very secure.
Healthcare
Blockchain technology has revolutionized the healthcare sector as a whole, making it simpler to diagnose illnesses and treat them effectively. As a result, the system has been strengthened and made more effective, which is somewhat lacking in this industry.
Why don't governments adopt technology?
Despite its explosive growth, blockchain technology must reach a critical mass of mass usage before it can persuade governments to follow suit. Governments, no matter how conservative, will opportunistically watch from the sidelines until widespread mass adoption occurs, there are sufficient use cases to base decisions on, and problems and solutions reach a plateau.
Due to the vast amounts of data that needs to be safeguarded and protected, the bureaucratic procedures of the government have, in some ways, been working to their benefit. Human involvement in the processes ensures that they are managed successfully and efficiently. The deployment of smart contracts is the dreaded scenario in which the impending blockchain encroachment will occur. What would happen to the wave of employees swarming every department and protected by law by the security of tenure if smart contracts eliminated human intervention? That was the same attitude we had when the Internet and all its enabling technologies entered our complacent lives and began to disrupt them.
Fear was fully eliminated when our well-founded concerns turned out to be unfounded. Because of the Internet, we have improved our lives and found greater fulfillment in our employment than ever before. According to a Deloitte and Oxford study on the effects of technology on occupations in the UK over the past 15 years, technology has eliminated 800,000 jobs while creating 3.5 million new ones that demand high levels of ability and creativity.
Blockchain countries to look up to
The UK and Ukraine
The land registries of each of these nations are about to adopt blockchain technology.
Estonia
Estonia created the KSI blockchain to create an efficient and immutable system for citizen-state transactions. It consists of financial, healthcare, and other public services.
Korea
All of the population's personal data is operated and stored in Korea for blockchain administration. In addition, used car records and unemployment benefits are also included. Furthermore, municipal administrations are adopting the operation of the blockchain.
Whether or not to use blockchain, Final Remarks
Nations' governments will eventually have to accept reality. At this time, blockchain technology is the only practical technology that can alter how they serve its population. Developers are working around the clock to address any outstanding issues preventing blockchain technology from operating at its full potential, particularly data protection, privacy, and transparency. In addition, any country that adopts blockchain technology would benefit immensely from the quick service delivery it allows due to the enormous amounts of time and money it may save.
- Related Articles
- Implementing MongoDB map-reduce
- How are Banks Implementing Blockchain?
- Which Different Industries Implementing Blockchain?
- Discuss:(a) Is garbage disposal the responsibility only of the government?(b) Is it possible to reduce the problems relating to disposal of garbage?
- The Government
- Government Budget
- Implementing Salting
- Blockchain Applications: What Is Blockchain Used For?
- Blockchain Technology to Secure IoT Gadgets
- Is Blockchain comparable to ‘the internet’?
- How to implementing START_STICKY for a service?
- How to Implementing an Autoencoder in PyTorch?
- Components of Government Budget
- Cybersecurity and Blockchain
- Blockchain ETF Definition
