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(IDEA) On government decentralization
By decentralizing the management of Aurora and access to resources in an application, greater and fairer service can be achieved.
Decentralization typically has some tradeoffs such as lower transaction throughput, but ideally, the tradeoffs are worth the improved stability and service levels they produce. The following heights can be easily achieved with thisβ¦
- Provides a trustless environment
- Improves data reconciliation
- Reduces points of weakness
- Optimizes resource distribution
And much more!
Decentralization is the process by which the activities of an organization, particularly those regarding planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it.
Decentralisation reforms facilitate coordinated measures for transferring functions, decision-making powers and budgetary resources and promote effective interaction between different levels of government.
Decentralization improves the level of job satisfaction as well as employee morale, especially amongst the lower level managers. Furthermore, it strives to satisfy the varying requirements for participation, independence, and status
In a decentralized blockchain network, no one has to know or trust anyone else. Each member in the network has a copy of the exact same data in the form of a distributed ledger . If a memberβs ledger is altered or corrupted in any way, it will be rejected by the majority of the members in the network.
Aurora is a solution, that allows to execute Ethereum contracts in a more performant environment βNEAR blockchain, a modern layer-1 blockchain which is fast (2-3 second transaction finalization), scalable, and carbon neutral. Aurora is an Ethereum Virtual Machine (EVM) implemented as a smart contract on NEAR Protocol.
Decentralized government is when power is distributed among members of the government, who can be located anywhere on planet Earth and not only. Power can be exercised with the help of blockchain technology, which will ensure transparency, security and data independence.
Decentralized government work:
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Voting and decision-making in a decentralized government can be done through a blockchain-based voting system. Each member may have a vote in proportion to their contribution or importance to the community.
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Blockchain will provide transparency, as all transactions and decisions are entered into a public and immutable ledger.
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Digital identifiers on the blockchain can help verify identity and prevent manipulation of votes or decision-making on behalf of unauthorized participants.
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Decentralized government on the blockchain is less susceptible to attacks and interference, since it does not have a single centralized point of vulnerability.
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Decentralized systems can provide equal access to resources and take into account the interests of all participants, regardless of their status or location.
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Blockchain can be used to transparently manage finances and resources. The use of smart contracts can automate the distribution of funds and ensure that they are used as intended.