Former UK Prime Minister David Cameron Proposes Using Blockchain to Fight Corruption.
David Cameron, the former British prime minister who held such a position from 2010 to 2016, said that bitcoin and blockchain technology have the potential to improve the financial inclusion and transparency of government early this week, at the opening of the new bitcoin offices In London for the Blockchain launch.
According to Insider’s business reports, Cameron acknowledged his limited knowledge of the technology, but indicated his belief that it could have a significant impact not only on finances, but also on public services.
According to the report, he said:
“Obviously you’ve got amazing opportunity using blockchain technology in areas like banking and finance and insurance, but I think some of the public policy applications are potentially transformational.”
In addition, Cameron pointed out that technology has the potential to give those without financial access the ability to be able to own property rights and carry out transactions.
The event was not Blockchain’s first meeting with the former PM. The startup was among a group of companies representing the UK’s Finance space during a trade mission in the state of Asia that Cameron undertook in 2015. Cameron expressed support for the use of Blockchain technology in improving governments transparency, in this week’s statements, allowing the development of “a sense of trust in the institutions they use.”
I conclude by saying:
“I think you’re on the brink of a very exciting revolution in all of those areas, which as someone involved in public life is very interesting,”
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