in

Overstock Founder: Blockchain Can Make Government ‘Incapable of Being Bribed’


Overstock founder Patrick Byrne has stated that blockchain technology is capable of making government “superefficient.”

The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12.

Byrne reportedly said that government services have reached a turning point for a fundamental change of their structure, and blockchain technology, in his opinion, will be the optimal solution.

Byrne proposed “building government-as-a-service, a set of applications and companies that, between them, can bring blockchain to different services that governments provide,” which will eventually “make government superefficient, inexpensive and incapable of being bribed.” He stated:

“We could step into Venezuela with six laptops and create not only a functioning society but arguably…



Read Full Story : Cointelegraph.com News

2019-02-12 23:35:00

What do you think?

0 points
Upvote Downvote

Written by Cointelegraph

$234 million worth of Ethereum tokens held in MakerDAO smart contract as collateral

Bitcoin is Not Only a Hedge Against Inflation, But a Cashless Society Too