Political Implications of Blockchain

This is constantly being revised.

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Societies around the world suffer from central authorities and third parties (both government and institution) that act out of citizens interests. Tyrannical governments, at times being bribed by large companies, are riddled with corruption and infiltrated by members who act from an agenda or personal gain. And it can be impossible trying to hold these individuals accountable in a legal system they own or provide any ways of checks and balance.

Blockchain allows people in a society to have the trust and rules provided by a centralized structure in a decentralized way. Information is stored and societal processes are ran in a way that no user can have more leverage than one another. A large government or company can connect to one of these networks that are responsible for a certain system in a society and have no more leverage than the poorest person in that society.

A modern critique on socialism and capitalism, both radical ends of the political spectrum can find peace using this technology. Libertarians can enjoy minimal government intervention, a laissez faire fair government, and check and balance while a socialist can implement things like capturing the means of production or public property in a decentralized way and holding institutions accountable contribution. Both sides of the political spectrum would

It isn't about completely eliminating all centralized systems. It's about giving people a choice and building a fair check and balance between citizens and governments. Institutions will also have to compete with decentralized versions of their organization.

Misuses of this technology can include corrupt centralized structures using this technology in a manipulative way in a centralized way. There is a convenience that comes with centralized systems, but it can be misused. Mass surveillance and limitations on everyday live can be implemented.