Former British prime minister wants to use blockchain to fight government corruption

Blockchain | March 2, 2017 By:

Former British prime minister David Cameron said that the blockchain can be used to fight government corruption and that he is ‘excited’ about the potential that the technology presents.

Cameron, who served as prime minister from 2010 to 2016 before resigning in the wake of the Brexit vote, made his comments at the opening of new London offices for bitcoin startup Blockchain earlier this week.

Talking about countries where so many people are trapped in poverty with corrupt and failed governments, Cameron added that there are plenty of opportunities with the blockchain.

“You have this opportunity to give the poorest and the most marginalised, the most dispossessed people in the world, to be able to have property rights, to be able to carry out transactions, to be able to save, to be able to invest,” said Cameron.

He added that the technology could also be utilized to make governments and countries less corrupt and to prove a ‘sense of trust in the institutions that we use.’