Coronovirus has caused the concerns of various indoles in humanity. Now the question is whether COVID-19 has accelerated mass surveillance? Does blockchain destroy our privacy?
Blockchain Socialism COVID-19 has given governments the perfect excuse to increase surveillance on a large scale, which is why they have used blockchain technology for this. In fact, as the virus spreads, the technology is increasingly used to monitor the patient.
Therefore, the main concern is that the crisis offered him the tools needed to violate people’s privacy, leading many to ask: Is socialism coming on the blockchain?
What is socialism? It is a political and economic principle that advocates the ownership and administration of the means of production for society.
Why do many people claim that Karl Marx loved blockchain? Karl Marx, along with Friedrich Engels, consider himself as the father of socialism. In fact, his most famous writings are ‘Communist Party Manifesto’ and ‘Capital’.
Blockchain technology, meanwhile, is based on decentralization. This means that every piece of information entered into the blockchain is stored and available to everyone.
For some people, blockchain may seem like a digital form of socialism. However, there is also the idea that technology does not have to fit as fully ‘socialist’ or ‘capitalist’.
Does blockchain destroy privacy? Prior to Coronavirus, various groups had already held the view that we lived in a world in which every conversation, movement, negotiation and decision was scrutinized, recorded and closely watched.
The advancement of technology and the decline of personal privacy have long been debated. However, the problem is that COVID-19 accelerated the decline in privacy.
China is an exemplary case when we want to discuss privacy issues. Country officials pride themselves on the mechanisms through which they were able to identify, track and qualify citizens to prevent the spread of the disease.
In fact, China’s investment in blockchain has reached significant levels, which is why many wonder: blockchain destroys our privacy? Can it be used for that purpose?
The blockchain has promised us anonymity and privacy, however, in the hands of the government it can be used to create a dystopian social monitoring system. Obviously this will change the purpose for which the technology was created.
In this way, the situation has led many to believe that the virus offered governments an unbridled right to violate the rights of citizens.
Therefore, the main concern in the medium is to create a system (if it does not already exist) that stores citizen data on the blockchain. If we add surveillance drones, artificial intelligence (AI) and facial recognition to it, privacy may be in danger of extinction.
We invite you to tell us what you think, does blockchain destroy our privacy? Socialist Blockchain? Is it possible