On-Chain Governance & Blockchain: The Future of Transparent States
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About this video
In this NEAR AI Office Hours clip, Rand (CEO and Founder of Zama) shares his vision for on-chain governance and how blockchain can create transparent and efficient state systems. Using blockchain technology, Rand explains how government spending could be reduced by up to 80%, cutting out middlemen while ensuring privacy and confidentiality for individuals. #BlockchainGovernance #FutureOfLebanon #TransparentSystems #EfficientState #RebuildingWithBlockchain #InnovativeTechnology #Confidentiality #SmartGovernance #DigitalTransformation #CryptoRevolution #NEARAI #NEARprotocol
Transcript
166 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
I guess the long-term vision of a of a whole governance on chain uh is is definitely something very exciting right but uh yeah I mean look I I'm originally from Lebanon right my parents were from Lebanon so I'm I'm at least I can see my origin country basically starting from scratch soon right like you know once everything is gone you know we're gonna have to rebuild everything to if you
- 0:23
think about it today if you want to build a state which is efficient and transparent you still want confidentiality because you know I don't want my neighbor to know what I'm voting for how much money I have right that's private information then doing it on Shane is a good idea I'm convinced that you can cut the government spending by 80% if you use a blockchain because you don't have
- 0:45
any middlemen you still need people for edge cases and whatever but most of things that people do could be automated