Here’s why the tax sector desperately needs blockchain now. Ensuring the collection of revenues is necessary for the functioning of governments, as it is their primary, if not their sole source of income. A number of proposed use cases of blockchain in taxation can potentially trigger a revolution in the way governments collect and spend their monies.
As much as people may hate paying them, taxes are necessary to enable the regular functioning of nations and economies. Although governments do not function for profit like businesses, they…