This text was initially posted on Bitcoinist – one of many main sources for details about Bitcoin, digital forex and blockchain expertise. With probably the most dependable information groups within the trade, Bitcoinist supplies up-to-date information and insightful evaluation. For extra observe the hyperlink beneath.

blockchain covid 19 coronavirus

Greater than a decade in the past, Satoshi Nakamoto unveiled an clever digital cash system based mostly on blockchain, which could possibly be adopted globally with out the concern of presidency or company management, besides the impossible 51% assault risk. Nevertheless, what if the exact same expertise created to save lots of us will truly be used towards us?

Governments Begin to Like Surveillance Techniques
The COVID pandemic has created a precedent when governments world wide implement probably the most draconian measures to lock down complete industries and hold folks at house. Some governments even use high-tech surveillance techniques to trace residents.
China, the nation the place the brand new coronavirus began, has already deployed huge monitoring techniques even earlier than the pandemic. Final yr, Bitcoinist reported on China’s social credit score system, which makes use of Synthetic Intelligence (AI) and an enormous community of surveillance cameras with facial recognition to police residents. Persons are getting a rating for his or her conduct, which may end up in penalties or perks, relying on the ranking. Whereas the draconian system has been trialed in numerous areas, the federal government is adopting it at a nationwide stage within the coming years, and would in all probability use blockchain for storing knowledge. President Xi Jinping has already praised the expertise in a transfer that stunned the crypto group.
Lately, Israel has flexed its muscular tissues and makes use of anti-terror tech to trace people suspected with the brand new illness. There may be even an app the place folks can verify on a map the place the contaminated individuals are at any given second.
It appears that evidently the Trump administration desires to make use of an Israel-like monitoring system, however the White Home is apprehensive about folks’s reactions.
Even and not using a monitoring system for now, governments have imposed drastic measures. Whereas the virus risk is severe, the worrying factor is that governments wouldn’t resign their authority after pandemic ends. Former CIA agent Edward Snowden, who leaked the US spying strategies, believes that the surveillance states are right here to remain.
He informed Copenhagen Worldwide Documentary Movie Competition:
After we see emergency measures handed, notably at present, they are usually sticky. The emergency tends to be expanded. Then the authorities change into comfy with some new energy. They begin to prefer it.
Moreover Blockchain, Crypto Itself Can Be Corrupted by Central Banks
Moreover blockchain, the very idea of cryptocurrency is more likely to flip towards us. Earlier this week, the Home Democrats proposed two payments that debate the created of a crypto-like digital greenback to be issued by the Fed. The brand new digital forex might be despatched on to people and companies, one thing that the Fed has by no means executed earlier than.
Nevertheless, privateness advocates usually are not completely happy a few greenback stablecoin issued by the Fed, as it may well actually wipe out bodily money within the coming years and permit the federal government to achieve complete management over people’ funds.
Furthermore, this may change into a world phenomenon since main central banks worldwide are critically contemplating issuing digital currencies. The Financial institution of England, Financial institution of Japan, Financial institution of Canada, and others even fashioned a assume tank to path the idea. A pandemic like this will surely encourage them to do away with money as quickly as doable, however that doesn’t imply we’ll win from this.
Rockefeller Basis Anticipated Snowden’s Issues 10 Years In the past
Conspiracy theories apart, post-pandemic surveillance governments had been envisioned ten years in the past, even earlier than the SARS disaster began.
In 2010, globalist-oriented basis Rockefeller Basis simulated a world pandemic in a doc titled “Situations for the Way forward for Expertise and Worldwide Improvement.” The doc reads:
America’s preliminary coverage of “strongly discouraging” residents from flying proved lethal in its leniency, accelerating the unfold of the virus not simply throughout the US however throughout borders. Nevertheless, a number of international locations did fare higher — China specifically. The Chinese language authorities’s fast imposition and enforcement of obligatory quarantine for all residents, in addition to its prompt and near-hermetic sealing off of all borders, saved thousands and thousands of lives, stopping the unfold of the virus far sooner than in different international locations and enabling a swifter post-pandemic restoration.
The simulation hints that Western democracies had been initially reluctant to impose draconian measures, however quickly adopted China’s methodology because it proved profitable. The doc provides:
Even after the pandemic pale, this extra authoritarian management and oversight of residents and their actions caught and even intensified.
The final line is sort of a copy-paste of Snowden’s warning, and the possibilities are that blockchain and AI will play a job on this.
Do you assume that governments would impose extra management with the assistance of blockchain? Share your ideas within the feedback part!

Picture by way of Shutterstock

To learn extra from Bitcoinist observe this hyperlink.

Supply hyperlink