Will Blockchain and Crypto Be Used Against Us After Covid-19 Clears?

Will Blockchain and Crypto Be Used Against Us After Covid-19 Clears?
ôîòî ïîêàçàíî ñ : bitcoinist.com

2020-3-26 18:00

More than a decade ago, Satoshi Nakamoto unveiled an intelligent virtual money system based on blockchain, which could be adopted globally without the fear of government or corporate control, except the very unlikely 51% attack threat. However, what if the very same technology created to save us will actually be used against us? Governments Start to Like Surveillance Systems The COVID pandemic has created a precedent when governments around the world implement the most draconian measures to lock down entire industries and keep people at home. Some governments even use high-tech surveillance systems to track citizens. China, the country where the new coronavirus started, has already deployed massive tracking systems even before the pandemic. Last year, Bitcoinist reported on China’s social credit system, which uses Artificial Intelligence (AI) and a huge network of surveillance cameras with facial recognition to police citizens. People are getting a score for their behavior, which can result in penalties or perks, depending on the rating. While the draconian system has been trialed in various regions, the government is adopting it at a national level in the coming years, and would probably use blockchain for storing data. President Xi Jinping has already praised the technology in a move that surprised the crypto community. Recently, Israel has flexed its muscles and uses anti-terror tech to track individuals suspected with the new disease. There is even an app where people can check on a map where the infected persons are at any given moment. It seems that the Trump administration wants to use an Israel-like tracking system, but the White House is worried about people’s reactions. Even without a tracking system for now, governments have imposed drastic measures. While the virus threat is serious, the worrying thing is that governments wouldn’t renounce their authority after pandemic ends. Former CIA agent Edward Snowden, who leaked the US spying methods, believes that the surveillance states are here to stay. He told Copenhagen International Documentary Film Festival: When we see emergency measures passed, particularly today, they tend to be sticky. The emergency tends to be expanded. Then the authorities become comfortable with some new power. They start to like it. Besides Blockchain, Crypto Itself Can Be Corrupted by Central Banks Besides blockchain, the very concept of cryptocurrency is likely to turn against us. Earlier this week, the House Democrats proposed two bills that discuss the created of a crypto-like digital dollar to be issued by the Fed. The new virtual currency can be sent directly to individuals and businesses, something that the Fed has never done before. However, privacy advocates are not happy about a dollar stablecoin issued by the Fed, as it can literally wipe out physical cash in the coming years and allow the government to gain total control over individuals’ finances. Moreover, this can become a global phenomenon since major central banks worldwide are seriously considering issuing digital currencies. The Bank of England, Bank of Japan, Bank of Canada, and others even formed a think tank to trail the concept. A pandemic like this would certainly encourage them to get rid of cash as soon as possible, but that doesn’t mean we’ll win from this. Rockefeller Foundation Anticipated Snowden’s Concerns 10 Years Ago Conspiracy theories aside, post-pandemic surveillance governments were envisioned ten years ago, even before the SARS crisis started. In 2010, globalist-oriented foundation Rockefeller Foundation simulated a global pandemic in a document titled “Scenarios for the Future of Technology and International Development.” The document reads: The United States’s initial policy of “strongly discouraging” citizens from flying proved deadly in its leniency, accelerating the spread of the virus not just within the US but across borders. However, a few countries did fare better — China in particular. The Chinese government’s quick imposition and enforcement of mandatory quarantine for all citizens, as well as its instant and near-hermetic sealing off of all borders, saved millions of lives, stopping the spread of the virus far earlier than in other countries and enabling a swifter post-pandemic recovery. The simulation hints that Western democracies were initially reluctant to impose draconian measures, but soon followed China’s methodology since it proved successful. The document adds: Even after the pandemic faded, this more authoritarian control and oversight of citizens and their activities stuck and even intensified. The last line is like a copy-paste of Snowden’s warning, and the chances are that blockchain and AI will play a role in this. Do you think that governments would impose more control with the help of blockchain? Share your thoughts in the comments section! Image via Shutterstock origin »

Bitcoin price in Telegram @btc_price_every_hour

High Performance Blockchain (HPB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0.0064459
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.1109 (-100%)

blockchain without fear globally could government adopted

blockchain without → Ðåçóëüòàòîâ: 126


Ôîòî:

ConsenSys, Microsoft, EY Launch Privacy-Protecting Blockchain Protocol 

ConsenSys, a firm focused on solving real-world problems with the Ethereum blockchain, has joined forces with Microsoft and Ernst & Young to roll out Baseline Protocol, an innovative solution that makes it easier for enterprises to use the public Ethereum distributed ledger technology (DLT) mainnet without having to bother about privacy issues, according to aRead MoreRead More.

2020-3-6 14:00


OKEx’ Lennix Lai Makes Presence Felt at Davos, Roots for 100% Financial Inclusion with Blockchain

The changing landscape of the global economy due to the technological progress in the cryptocurrency and blockchain sector is not lost on anybody. As the countries of this world look at ways to embrace this technology without treading on the toes of the well-established financial systems, some of the industry leaders from the crypto space... The post appeared first on NewsBTC.

2020-1-23 16:04


Dish Network Patents ‘Anti-Piracy Management System’ Using Blockchain Technology

Dish Network has just published on Thursday a patent for its new blockchain-based anti-piracy system that enables owners to see how their content is getting used. Dish claims the system can oversee and implement ownership rights more efficiently by putting platforms on alert mode when their content is being used without approval. It seems the […]

2020-1-13 19:48


Ôîòî:

China National Blockchain Network Goes Live April 2020

Chinese authorities have revealed that the country’s Blockchain Services Network (BSN), a project that has been under development since last year, with an aim to provide the masses with a platform to easily deploy their distributed ledger technology (DLT) applications without having to create their own private networks, will officially commence operations in April 2020,Read MoreRead More.

2020-1-7 16:00


Commerzbank Creates Blockchain Payment Program For Machine-Based Self-Driving Trucks

The German bank Commerzbank has recently developed a new blockchain-based technology that will be used in order to make automated payments between self-driving trucks. The system, which aims to take humans completely out of the equation, will be used to allow automated trucks to pay for their charging power without needing any human interaction. According […]

2019-8-9 01:04


Ôîòî:

Crypto Social Media is Breaking Free: How 10+ Blockchain Platforms Pay You to Post

Social media has become so embedded in most people’s everyday lives that it’s hard to imagine life — or even a span of a few hours — without it. While the social media revolution is huge, there’s another revolution within that revolution, driven by users into cryptocurrency, privacy, and immutability: incentivized, blockchain-based social media.

2019-8-4 12:49


Developer Enables People to Put Personal Files on XRP Ledger And Ripple Rushes To Fix Situation

Not all ideas are very well-received in the blockchain community. Just look at hard forks. People at Bitcoin, Bitcoin Cash and then Bitcoin SV simply could not agree. Now imagine that someone can simply make an app that will cause a lot of controversy without actually needing anyone’s permission. That would cause a lot of […]

2019-7-27 00:23


Ferrum Network ICO

Ferrum Network is a high-speed interoperability network built for real-world financial applications. It is comprised of two interconnected elements: a DAG-based interoperability network that can connect to nearly any blockchain enabling peer-to-peer transactions of any digital asset in milliseconds, and the vertically integrated financial applications running on the network that allow users to buy, sell, transact, exchange and store any digital asset without taking custody of those assets.

2019-7-6 10:33


Ôîòî:

Meet the blockchain developer building 12 Lightning apps in 12 months

Devs love a challenge, and there’s a mountain of opportunity in Bitcoin and blockchain. One of the fastest growing areas of blockchain development is Bitcoin sidechain, the Lightning Network. To learn more about the possibilities that the Lightning Network offers, Hard Fork spoke to someone deep in the trenches: a developer who’s set himself the challenge to make 12 Lightning apps in 12 months.

2019-7-4 14:56