Democratic Presidential Candidate, Andrew Yang’s, Policies Align With Blockchain Technology
Democratic party candidate, Andrew Yang, is one of the strong champions for a Tech advanced America. His policies have been leaning towards ideas that can be easily implemented with modern technologies.
Yang has illustrated his understanding of the Fourth Industrial Revolution (4IR) over the course of the campaign by commenting on several topics including the idea of tokenization. The Democratic candidate has also suggested leveraging blockchain to make democracy more efficient. According to his idea, each citizen would be awarded with $100 ‘Democracy Dollars’ that they can contribute to a party of their choice. Based on the current blockchain features that include verifiability and consensus, Yang’s idea would easily ride on a blockchain platform.
Another interesting policy from the politician is the idea of having data under property rights. The world is currently in a grey area in defining many aspects surrounding the integrity of handling data. That said, Yang’s idea could solve some of the inevitable challenges before they are too big in the future. Blockchains would come in handy since they can tokenize data and enable ownership. This means that people would have authority over how corporations used their personal data.
In today’s technological world, the U.S is also at the challenge to keep at par with developments in the FinTech world. Other Democratic candidates that are more conservative would also inevitably have to adopt new tech in solving problems if they are to take office.