“I believe the role of the government is too big. Society must be more decentralized.” -Pavel Durov
Last time we were on here we spoke about the inefficiencies that decentralized blockchain technology can resolve. Today I want to focus on the benefits of decentralization in blockchain. What does decentralized technology mean for a regular person? Well to put it plainly; blockchain will change everyone’s life, and for the better.
How can blockchain make life better? Well for starters the more we incorporate blockchain technology into our lives, the more autonomy and freedom will be allotted to each individual in a society. The need for most government offices will diminish as systems can become automated and transparent for license plate renewals, to delegating tax dollars to the appropriate parties; this block chain delegation will ensure that tax dollars are not wasted in the grotesque amount they are today- giving taxpayers more peace of mind when they can actually see where their tax money is going. The government will actually be able to join the private sector in running a more efficient operation which can meet the needs of local communities in a more effective way.
Blockchain will minimize our monthly expenses, once water, electric, and internet services can be set up on an “automated meter system” where the utility blockchain network can then monitor usage, bill and receive payment instantly with no concerns of errors, or over billing. This automation, and rush of efficiency will allow costs to be pressured down as efficiency costs can be passed from a business to the consumer. Water companies for another example will be able to assist homeowners with identifying flaws in their plumbing system via the blockchain network, in turn giving consumers more confidence in their utility company. The use cases we will start to see come out of the decentralized sphere are going to reshape the way we function, just as the internet did 25 years ago. We are only in the infancy of this emerging giant, and as we have stated before this is only the beginning.
Look out for our latest podcast coming out tomorrow, and look forward to all the benefits Decentralization of Finance (DeFi) will bring us all! Decentralized Technology and Finance is going to change everything from banking to government, and nothing at this point will stop the already mass adoption of these technologies for their obvious benefit. Shoot us an email, and let us know your thoughts!
