The kingdom of Saudi Arabia planned to adopt Blockchain in its government

[Lens1000]

The kingdom of Saudi Arabia are taking a lead in the adoption of the integration of blockchain technology in its government. This is a laudable move around cryptocurrency in Saudi Arabia.

The Kingdom planned to dip toes into the cryptocurrency ecosystem by implementing the blockchain technology in its government. However the assistant to the minister of technology has stressed that there will be employment of experts in the field of cryptocurrency to oversee the government crypto projects. This will serve as a means to properly launch the project in the hands of the experts. The introduction of blockchain technology into the government will reduce corruption among the political elite and in the political system of the government. This is one of the things that must be adopted by so many governments of the world that is faced with corrupt practices. It is very obvious that some country failed to develop because of the high rate of corruption that is recorded in the country by the political elites. The embezzlement of fund in the public places is on the increase every day in most of the country especially in Africa.

One of the ways of maintaining a corrupt free economy is by the implementation of the blockchain technology in government.

 

[Flow-er]

The trade caught my attention because I so much believe in the integration of blockchain into our political system. There are so many uses of the blockchain in the society the blockchain could be used in the electioneering campaign in order to shield the elections away from unscrupulous elements. It is often said that the blockchain is not easy to tamper with and that is what makes it a special technology. The block chain provides the ability to carry out a self executed activities and it could not be altered by the third party. this is the major reason why we should adopt the block chain technology to correct a lot of anomalies in our polity. Over time you have seen the mileage of uses of the blockchain technology in the cryptocurrency ecosystem ,in the political system, in the community and amongst the institution. The use of this technology cannot be overstated because it has so many advantages. The decentralized platform could make the system independent of anybody. This is the reason why the technology will be very useful in our political system because it willnot be exposed to tampering. It will be a good idea if the government could use it in the election process.