>
Watch Live: President Trump and UK PM Hold Joint Press Conference
JUST IN: President Trump, JD Vance, Tucker Carlson, Trump Admin Officials...
Fugitive Vaccine Researcher Behind Infamous "No Autism Link" Study ARRESTED...
A stable father figure is essential for raising mature citizens
This "Printed" House Is Stronger Than You Think
Top Developers Increasingly Warn That AI Coding Produces Flaws And Risks
We finally integrated the tiny brains with computers and AI
Stylish Prefab Home Can Be 'Dropped' into Flooded Areas or Anywhere Housing is Needed
Energy Secretary Expects Fusion to Power the World in 8-15 Years
ORNL tackles control challenges of nuclear rocket engines
Tesla Megapack Keynote LIVE - TESLA is Making Transformers !!
Methylene chloride (CH2Cl?) and acetone (C?H?O) create a powerful paint remover...
Engineer Builds His Own X-Ray After Hospital Charges Him $69K
Researchers create 2D nanomaterials with up to nine metals for extreme conditions
China has just announced that it will use blockchain technology for social taxation and the issuing of electronic invoices.
The government's announcement that it "will utilize blockchain technology for social taxation and electronic invoice issuance matters," has been met with silence from the mainstream media. China has already launched a test of its own cryptocurrency based on the technology, so these initiatives should be able to build on each other. This will also be a large-scale test of a government's ability to collect taxes more efficiently, considering China has the biggest economy on earth.
Moving forward, experts claim that we will all see more and more innovative uses of blockchain technology as its potential is more fully realized. Transparency and security are both absolute essentials in a digital age, and China appears to be recognizing that need and putting this powerful tech to use through policy, enforcing theft through taxation. But it's unclear as of yet, just when China will begin using Blockchain to tax. Blockchain technology has been proposed for use in elections already due to its potential for both transparency and security. It's these features that make it appealing for taxation as well.