Chapter 15
Government
IN THIS CHAPTER
Reading blockchain documents
Building smart cities
Creating hack-proof identity
In this chapter, I introduce you to the exciting innovations that are taking place inside governments. Web 3.0 applications and other blockchain innovations, such as Bitcoin, are affecting the lives of everyday citizens globally, thanks in part to the technological revolution of Web 3.0 and the final stage of globalization, known as end-state globalization.
This chapter explains how governments will meet the challenges of porous borders and unbound citizens that can move freely and operate outside of traditional financial institutions. This chapter also explains how governments fight against cybercrime and identity theft thanks to the rising number of cases linked to token offerings and cryptocurrencies.
After reading this chapter, you’ll have a clear understanding of regulatory changes and smart city initiatives that will be critical to economic growth and sustainability. Many governments are using blockchain technology to bridge technological gaps.
Global Regulatory Action
The cryptocurrency industry has moved into a new stage of development, called Web 3.0. ...
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