Brendan Blumer Tweets About The US Government’s Plan To Use Blockchain In Global Financial System

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Brendan Blumer, Co-founder, and CEO of block.one made a tweet where he said that the US trying to use the power of Blockchain in the global financial system.
  • Scott Diamond asked Brenden to get EOSIO to voting and claimed that a financial system works the best when democracy is working within the system.

Today, Brendan Blumer, Co-founder, and CEO of block.one made a tweet where he said that the US trying to use the power of Blockchain in the global financial system is only the start of a new age where society will depend on digital infrastructure. This would ultimately lead to a build-up from scratch for the multi-user database.

The actual tweet read,

Other Twitter users spotted this tweet and soon began to provide their opinion on this matter. The first one to respond was Tanish Verma from ineos.io. He wanted to know if they got an affirmative for voting on top of the EOSIO based networks? To this, a user, Chuck MacDonald, suggested that it is a great opportunity to test this with one’s own organization or community and share the response.

Another user, Scott Diamond, asked Brenden to get EOSIO to voting and claimed that a financial system works the best when democracy is working within the system. However, he showed disappointment over the fact that one of the world’s oldest democracy cannot get civic voting rights.

Some users were in support of the US federal government’s plan to issue digital currency. A user responded that the government would require a scalable Blockchain as it is common with every organization that uses databases and stores confidential information. This requirement would ensure that the government chooses EOSIO.

At the same moment, some were against the US government launching digital currency, stating that there won’t be any system to prevent the government from issuing unlimited currency.

One user who goes by the name of Two Bits commented that “There is no greater need for transparency and audibility than government and the financial markets. I believe the founding fathers of the constitution would be proud of the work B1 is doing in this regard. Let’s go #EOSIO!”

He added a link that the US government is looking for options regarding digital currency, and the government would need EOSIO’s help with the implementation of this plan.

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