Idaho's Blockchain Won't Be Small Potatoes

Phil Haunschild joins us this week to discuss how blockchain technology could potentially eliminate the governments’ presence in welfare and charity. Among the uninitiated, ‘blockchain’ is often treated as a synonym for ‘cryptocurrency.’ But blockchain technology has many other potential applications, including ways of improving the efficiency and transparency of good governance. For example, Phil Haunschild from the Idaho Freedom Foundation explains how a state-level blockchain could replace the expensive requirement to post public notices in newspapers, potentially saving millions of dollars in just one state. Phil then outlines his even grander plan to replace food stamps and other welfare programs with privately-run, blockchain-enabled charities. How is blockchain a better tool than a state-run database? How do smart contracts work in tandem with blockchain technology? Could blockchain be used in order to eliminate the presence of government in welfare and charity?Further ReadingA path to eliminate government subsidies for the media, writted by Phil Haunschild Idaho Freedom Foundation project proposal about how blockchain could allow people to be in control of the welfare system rather than the government.  Blockchain Could Upend Welfare Programs, written by Phil Haunschild & Janae Wilkerson for the National ReviewRelated ContentSmart Contracts Aren’t Trustless, Nor Should They Be, written by Kate Sills What’s in Your (Crypto) Wallet?, Building Tomorrow Episode Your World on the Blockchain, Free Thoughts Episode Hosted on Acast. See acast.com/privacy for more information.