Understanding Blockchain And How A Given Country Can Benefits

The trending of Blockchain in today's world is more as the captivating headlines. The world of science and technology is actually showing the whole direction , and left them with kind of choice and decision to engage.

The whole world is basically get comprises with couple of continents , in which each of those directly applicable continents happen to get number of countries within.

Reality is that , in direct respect onto the making of the continent and her countries touching an economies development they are never same concerned.

Further truth is that some continent and her countries are excessively ahead of others , in which such also get kind of direct effect on the ways they embrace new vital technology and meaningful innovation.
While others , might get suffer some sort of setback due to replicating factors from their unmatched choice culture idols. Those choice idols might be a continent as a whole or a country from a particular continent , getting replicate as an idol by another possible country or countries from another continent.That without fully adopting in genuineness such as given culture from their kind of idol country replicating.

Such level also directly affect development , most especially among every set of given country /countries with replicating factors from their unmatched choice culture related country/countries. Because , most events going on within their kind of replicative country/countries they (replicator kind of country/countries) would want to follow.

In which at times such acts could work out fine/well , while most times it couldn't go down well. While major development trend from their idol country/countries might for large nature of extend remaining a visions onto the government for the replicating country/countries.

So , due to all of that it would get very hard for some country to attend such an enviable nature of development on their own.

Touching blockchain and benefits my country could get

What most curious minded individuals from this country couldn't actually understand about the level of allegations our government through the statutory body(ies) of NSA the national security advisor/adviser and EFCC the economy and finance crime commission level against a foreign based blockchain related company and the world largest crypto currencies trading platform like Binance , is that . Among the government representative count charges on Binance is that , Binance manipulate our own naira denominations/currency against USDT ($).

Truth/reality is that long before this year our own Naira currency have tired people , only forge up because an individual has no choice. Thing is that , if our government desired to bring value back on our currency they would have work on it internally without jumping on Binance.

In essence, touching Blockchain and the benefits a country can ever get , is largely within the crypto currencies related space.

Though there are some domestic crypto currencies exchange and trading platforms in this country.
But , the government movement towards crypto currencies have bored the mind and soul of large number of people over crypto currencies.

Before it was a banned on crypto currencies trading in general over such as the government inability to regulate and control crypto and subsequently generate for themselves (the government) as they desired. That did brought about peer to peer outside the banking involvement in crypto related transaction as so spelled by the then government.

This very one shock and crawl and bored many souls, because in truth Binance was never in direct responsible for the ever devaluating nature of our Naira currency. All do know that USDT ($) is a crypto currency in the nature in form of stable coin($) with huge possible potential to surge and also get effecting by both bull and bear run within the crypto market space . With further potential to get weigh within a definite ranges , which further has kind of huge nature of effect on diverse domestic currencies. Directly include our Naira currency before basically early last year a $ USDT was range between 750 -790 which is currently ,2.3Hive or closely so within early this year $USDT scale up to a range of 1900-2000 Nigeria naira , that personally I case that was due to bull run things.

The whole scene is for me to show that the best general benefits a country could get from blockchain is within the crypto currencies space. While other aspects might not get huge open benefits for the general public.

Other ways in which government could get benefits from blockchain

The government could relate blockchain technology to work within own sector , so as to have a close open monitoring and control on the data storage things.

Like getting to know all the available active military force operatives, the retired ones and those one who are close to their kind of retirement corner . Along nature of salary ranges involved and take thought on how to raise.

Also extend same to some other sectors within the government own body, which includes banks through the central bank. Mainly for data storage and transferring purposes.

Particularly within the government and her central bank , basically to create , adopt and regulates fintech touching financial technology . In direct relation to payments and on net deposit issues among others.

Personally i still believe huge benefits a given country could get from blockchain , is largely on/within the space of crypto currencies.