Blockchain as a powerhouse for state and national governance

in LeoFinance7 months ago

One of the many problems of the world boils to down to unfair electoral processes because when a system is fundamentally rigged for power, every structure going up is just as fucked.

If we look at the electoral processes of many countries in the world today, we can find several layers of flaws in them.

For starters, votes are never verifiable by a large margin. We find ourselves in different situations where election results come out a total opposite of what the majority believed should be the outcome with zero means of assessing the validity of the results.

Likewise, as we know that governance is a continued process - or at least should be, for countries that "supposedly" give citizens the rights to influence the affairs of the government, the long process that's involved in getting a change of representative in a governing body is quite another hassle because the system is really designed to not allow citizen to easily attain this.

Is this a bad or good thing?

Surely you'd have people who believe the citizens should have less influence in on-going governance of states and nations since you know - we are emotionally wired to make silly decisions when triggered about one thing or the other, no?

Fuckin no!

The whole point of having a system that gives "the people" power to influence governance is so they can express these emotions.

If the multitude has been triggered about something and acts accordingly then so should be it, if their actions turn out to be a bad decision then cool, the herd takes the hit for their emotionally wired selves and most definitely will adjust accordingly!

Blockchain proves this works

One thing to understand here is that when a system is fundamentally built with little to no risk factor for the governing bodies, the network of users tend to suffer because the people in power simply don't care how their actions affect everyone down the chain.

So blockchain takes the idea of governance and gives it a life form that's so fragile the slightest fuck up can quickly be acted on.

So there are two things, reputation and risk of losing power - and sometimes wealth, in traditional governance powerhouses, there is little to no risk of losing power and definitely not wealth once one has attained it, so this creates room for bad governance as the people being governed really have no influence whatsoever over the works of those in power.

The reputation here really doesn't matter, the embezzled money just keeps getting used to cover up shits anyways.

In addition to votes being verifiable on blockchain networks, governance is given a new structure that allows people to elect and pull out representatives at any time of the day.

If you look at governance around cryptocurrency blockchains - for the few that actually build towards decentralization and a balanced governance structure, there's always the presence of risks that cause validators or the governing bodies to take careful considerations into the work they do and how they do it.

Because when a system doesn't have to go through protest to get out of office, you're definitely going to carefully calculate your steps as a representative. There are several layers of benefits of having states and national governance tied to blockchain technology, and two of many are verifiable votes and higher on-going influence on governance.

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Great idea! “The people” will have a say in the electoral process if this is implemented, although this may not be widely accepted mainly because many countries are not ready for free and fair elections.

Blockchain technology is the best technology one can think of it has improved both societies and governance and just like you said "blockchain takes the idea of governance and gives it a life form ...."

And also intermediaries just like you said are also not in Blockchain technology and everything about cryptocurrency is decentralized, less risk and no protest.

Thanks for outlining the importance of Blockchain to government.