Benefits against corruption that the cryptomoney traitors?

Benefits against corruption that the cryptomoney traitors?

By derwin25 | Worldinfo | 2 Jun 2019


Corruption, trafficking of all kinds, abuse of power, impunity, money laundering, embezzlement and drug trafficking are part

of an immense group of acts of corruption carried out by politicians, businessmen and representatives of power linked to

governments.

Now, transactions in cryptocurrencies are made using electronic wallets (wallets) that have a particular address assigned, if

a person XYZ, wants to receive bitcoins, must give out the address of their Bitcoin wallet. So, it would be something like the

current account number or bank savings account, if the person XYZ, discloses their account number, it is easy to know that

XYZ is the owner and owner of the account, so you can know their movements, to who sent money, what did he spend, etc.

This is practically impossible with Bitcoin.

 

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But with some differences, the transactions made in blockchain are auditable and transparent, you can access the

movement of any bitcoin wallet, everything is completely registered in a bitcoin book called blockchain, everything is there,

you can see all the movements of any wallet.


One of the most notorious benefits in the implementation of this technology would be that when implementing the

Blockchain in the economy, it would easily take a public record that would be monitored by each of the parties involved, and

even for example if applied to some government the transactions made for all the citizens of the nation could be accessible,


and allow each of the transactions carried out to be recognized and its provenance, purpose and destination verified; thus

the possibilities of acts of corruption. Registered information is indelible, so evidence of any misuse of resources can not be

eliminated.

Of course, this is the correct use of these digital assets. There is a case such as that of the Venezuelan government, which,

although it was expected to do more about the cryptomoney project in the country, was nothing more than a blatant act to

incubate its actions. illegal and their money laundering.


since the pronouncement of creation of the centralized digital currency suspicions were latent, because given the low

acceptance was likely that the project had an illicit background, beyond that which was raised before the general public.

 

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In the development of the technical audit performed on the alleged transactions made in its blockchain base (it was never

decided in which chain this currency would work, first Ether then Nem), it was evident that none of the collection

announcements was registered in the chain of blocks . In addition, registration evidence from private investors was not

obtained, so the origin of the transactions is unknown.

 

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Cases such as these are the ones that call the worldwide attention to be alert in the use of crypto currencies, but

nevertheless we should not less appreciate the benefits that the 'blockchain' would guarantee under the transparency of any

process, since it is like a decentralized open accounting book.

 

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This technology can be responsible for a "social revolution", adding "more transparency, flexibility and creativity to any

economic scenario".

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derwin25
derwin25

I like to look for new method of passive income.


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