The blockchain technology is a obviously an unusual trend, its very interesting how the trend has witnessed an upward and downward movement for the past 10 years since its inception with Bitcoin in 2008.
2017 witnessed the biggest boom of blockchain technology in history. This boom featured the launch of several coins, development of various blockchains that are very unique in different ways and the massive increase in the capitalization of the coin market.
Steem blockchain is one of the most impressive and unique blockchains that was developed in this very early stage of the Coin Era.
The Steem blockchain has taken a bold step to revolutionizing the media industry.
Its doing so by innovating a protocol that ensure that content creators and consumers get rewarded for their efforts for generating contents.
The Steem blockchain is setting a new pace for rewriting what we currently know as social media. existing social media before steemit like Facebook, Instagram, Twitter e.tc is centralised and have everyone's data in one place. This could be harmful when stolen. The Steem blockchain provides a decentralized model of sharing content.
On a broader scale, the Blockchain technology emphasizes decentralization and transparency.
Hence it means that it could be a veritable tool to decentralize and make transparent government affairs. One area that the blockchain technology has started changing the world is in the finance industry. The way we transfer funds has truly be decentralized and made transparent.
Just as Steem Blockchain is specifically for decentralized sharing of media content, in no distant time in this COIN ERA, there will be an emergence of a new blockchain that will handle all Government affairs.
This Blockchain will specifically handle folowing
- General elections
- Appropriation of funds
- Approval of Budget
- Record keeping in the judicial arm of government
- Appointment of public officers
- Record keeping in the Civil service
- Record keeping by Population commission
And a lot more ......................
This blockchain will enshrine utmost transparency in government and eliminate corruption, the people will really have a say in making decisions that affects them and many countries will experience TRUE DEMOCRACY.
The emergence of this blockchain is near, as i participated in a hackathon where the problem was to design a blockchain solution that will serve the above listed institution.
, Thanks for reading