Government Efficiency Can Be Vastly Improved by Crypto and Blockchain: Coinbase

Government efficiency can be modernized and improved by the use of crypto and blockchain technology. That’s the thrust of a new Coinbase blog post looking at ways to make governments more effective while reducing waste. Coming as the Department of Government Efficiency runs through agencies chasing down waste, blockchain technology and cryptocurrencies are ripe for expansion into federal, state and municipal government systems, according to the post. Public records management is one of the “most promising” areas in which blockchain can change government for the better, streamlining transactions and keeping records on a transparent but secure and immutable blockchain. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io