2026-01-12 14:33:05

Can blockchain become a powerful tool for government budget oversight? Industry observers point out that if governments around the world store public expenditure data on the blockchain, it could fundamentally solve the issue of fiscal transparency. Recording every government expenditure on the blockchain allows the public to verify the flow of funds in real-time, helping to reduce corruption and waste. Although this idea sounds bold, it touches on many current governance pain points—how to ensure taxpayers' money is spent transparently. Of course, there is still a long way to go from technological implementation to policy adoption, but the ideal of transparency is being discussed by more and more people.

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StableCoinKaren

· 13h ago

The ideal is very ambitious, but will the government really take the initiative to move the ledger onto the blockchain? Just thinking about it is difficult.

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unrekt.eth

· 18h ago

Listening to it, I feel it's another beautiful illusion. Will the government really obediently move the ledger onto the chain, haha. --- Transparency is a good thing, but the question is who will ensure that the data on the chain is genuine? --- Another "cure-all" for corruption, why do I find it so hard to believe? --- The technology is not the problem; the issue is political will, brother. --- Imagine the tax authorities being forced to disclose the destination of every penny—that would indeed be very interesting. --- I like this idea, but I guess we’ll have to wait ten more years for it to be implemented. --- Instead of just talking on paper, it’s better to see if any country dares to actually do this.

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SmartContractPhobia

· 01-13 18:19

Sounds good, but can it really be regulated? Ha, even the government doesn't want to be fully transparent --- Another idealistic plan, I just want to ask who will regulate the record-keeping? --- Talking about transparency is easy, the key is whether the power elites are willing or not --- On-chain ≠ truly transparent, it's so easy to falsify data, blockchain can't change people's hearts --- Interesting, but the implementation difficulty is probably more complex than writing smart contracts --- I love this idea, but I'm afraid it will just be a display, a token gesture --- If this is how it's played, officials in certain countries will have a hard time sleeping haha --- So who ultimately decides what data should be on the chain? That's the real core issue, right?

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BearMarketBarber

· 01-12 15:02

Sounds good, but will the government really go on-chain obediently? Haha

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MercilessHalal

· 01-12 15:01

Haha, it sounds like a fairy tale. Will the government really put the ledger on the chain? If they do, it might be harder to trace and could cause even bigger problems.

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MEV_Whisperer

· 01-12 15:01

Ideals are grand, but reality is harsh... Is the government really willing to put the ledger on the chain?

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DAOdreamer

· 01-12 14:56

Idealism is grand, but reality is tough... Will the government really put the ledger on the blockchain?

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RugPullAlertBot

· 01-12 14:54

This idea sounds great, but we all know whether the government has really put the accounts on the blockchain? Those corrupt officials will just find new tricks...

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GasGuzzler

· 01-12 14:47

Ideals are beautiful, but do you really think any government will willingly put their black accounts on the blockchain? Wake up, buddy.

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DataOnlooker

· 01-12 14:46

Ideals are good, but getting the government to actively go on-chain? Ha, that’ll have to wait until the world’s cabbages are all harvested. --- It’s all about transparency again. It’s not too late to promote it once it’s truly implemented; for now, it’s just pie in the sky. --- Compared to going on-chain, I’d rather know where that money actually went... --- It sounds nice, but the key question is who will supervise the blockchain itself. Just thinking about it is complicated. --- That’s a good idea, but is the government willing? That’s a bit naïve, my friend. --- Every expense recorded sounds great, but the real issue is who can and cannot modify the data. --- Instead of just discussing, why not first look at where the existing audit system is not properly implemented. --- Blockchain is indeed transparent, but who decides what data to put on-chain and how to mark it? --- Haha, overthinking it. Reality will hit ideals hard.

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