4 Ways Blockchain Can Disrupt Civic Traditions
Ravi Kumar S is a president and the deputy chief operating officer at Infosys, a role in which he leads the firm’s global delivery organization across all industry segments.
Blockchain’s ability to ensure trust and transparency in financial transactions and to establish smart contracts is well understood.
But its true potential goes well beyond the merely transactional. Because of its unique ability to secure trust between parties that don’t know, or even trust, one another, blockchain tech could be used to tackle some of the trickiest and most stubborn issues that exist in every society.
In fact, if designed well, blockchain could serve as a medium for civic participation in the 21st century, and as a mechanism of protection within fundamental democratic institutions by reducing corruption and fraud.
It’s possible that the public sector could be one of blockchain’s biggest beneficiaries.
Read more: http://www.coindesk.com/four-ways-blockchain-can-disrupt-civic-traditions/