As much as I believe that blockchain technology has the potential to solve many of the problems humanity faces today, I also fear what can happen if blockchain technology is used to take away the privacy and rights of individuals.
If you aren’t already aware, China has invested heavily in blockchain technology and cryptocurrencies in general, and it has been implementing a dystopian social credit system like the one I mentioned above.
With a few tweaks of code, blockchain can be corrupted by authoritarians to build social credit enslavement systems.
With this said, I caution everyone working on blockchain technology: Do you know who you actually work for?
Can the systems you are designing for freedom be centralized and used to build a social credit system?

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