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The EU wants to manage digital identities with Blockchain technology
For many people, the word blockchain means freedom. Many people see the decentralization of blockchain technology as a sort of liberation from centralized authorities such as governments. However, this would, in fact, be the opposite, as we can, because of the most recent report by Forum Blockchain of the EU (EUBF).
According to the blockchain forum, the technology could be used for the management of digital identities and for digital versions of the national fiat currency. The two points of view are obviously different from those that lovers of cryptography generally have in mind while thinking about technology.
The idea of using blockchain technology from a centralized entity to determine the ID of people, however, it was felt that it was extracted from the 1984 book by Hard Fork of The Next Web, which initially reported this story.
Fiat tokenized
One of the ideas that has been proposed and, perhaps, the lesser of the two, is that the digital version of the national fiat coins could be realized using the blockchain. The idea is far from being new and has already been put into practice by Venezuela, for example, which has created its own cryptography.
The article written by Hard Fork of The Next Web is very contrary to this notion, however, since the author seems to believe that the tokens would be subject to the "manipulation" of the conventional fiat. If you ever needed to make more money, you could simply.
Although the author looks like a Bitcoin fan, it is obvious that any government-supported digital token does not behave like a private or decentralized token like Bitcoin. It would be like a fiat because it would, in fact, be a legal currency. only in digital form. Blockchain technology has an ideology like Bitcoin, it's simply a technology that you can use for whatever you want.
The idea that cryptocurrency should be lacking in central control and that new assets can not be created is not a law, it's just the way Bitcoin works and most altcoins he followed his scheme (and even then many altcoins are very, very centralized). Pretending that it is a law of how technology works is simply ridiculous.
The report does not go beyond the implementation of these cryptographic tokens, so we should hear more to really start speculating.
1984 is today: governments use the blockchain to control digital IDs
While the idea of national encryption is generally very harmless, the idea of using the blockchain to control the identities of its citizens (and perhaps even people from other countries) is much more disturbing.
According to the report made by EUBFany future institutional blockchain must deal with digital identities. With a very centralized bias, the report suggests that everyone could have a "trusted" identity on a state-owned blockchain. Just like an identity card issued by the state, you know.
The main idea, which was again criticized by the article, is that the state would be a better custodian than Google or Facebook. In a very obvious move, the the government wants to check your ID and you know what you're doing, so they're using companies that do not deal with this data well as an example to convince people.
What government he forgets that people could simply take care of their information in a more decentralized way, which is basically the one on which the whole blockchain community is based (at least the ideologically connected to Bitcoin and its followers).
The report could also state that systems should be controlled by the user, but it could be easily controlled to know what everyone is doing, a notion that both me and the original reporter of the story are in agreement.
A blockchain owned by the government it could still be damaged and no evidence was provided that would have been a great idea for users. For this reason, anonymity on the Internet would be almost impossible and some people really like it.
While stating that a similar dystopia to 1984 is about us may be a kind of exaggeration, we will have to decide clearly in the future what we want to do. The time will come when we will have to decide whether we will give our information to the government and let us grasp our privacy together or if this is not acceptable.
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