In addition to helping reduce the risk of theft from invoice fraud — allowing users to send payments with “the click of a button” rather than providing personal information — the think tank reported that with the system set up for a central bank digital currency, “the government’s financial position” could be made clear. A system updated using blockchain could provide transparency for government spending.
“While a digital currency would mesh well with this kind of system, it is certainly not a necessity,” said the report. “Many of the benefits can be achieved without changing payments rails, simply by improving the [public finance management] architecture. Governments would also be more effective at efficiently managing their cash and forecasting their future cash position.
integrating blockchain technology into any market or industry means you're trying to improve it and make it more transparent, and BitDAO is working on accelerating blockchain adoption by supporting the builders of the decentralized economy
I love $JUNO and $ATOM ❤️🚀
If the blockchain is not controlled by the government like for CBDCs, then sure!
Sure. Except it gets hacked all the time. Every week there’s crypto hacks.
🚀Thnkss a millon.
peoople masking this tricck froom us