How The Blockchain Can Remodel The Monetary World

However there is absolute consensus on the brilliance and ingenuity of the design. Nakamoto, whoever he or she could also be, solved many thorny problems by inventing the blockchain. In reality, 'he' discovered potential solutions to problems that ‘he’ may not have even thought of. The Bitcoin has no central database or financial institution. The blockchain is a distributed digital ledger. It is open source. What is the remedy? The remedy is with the Union government and specifically the house ministry. They must see what the governor is doing and tell him what is true, however they don't seem to be doing that. As they appoint the governor it is in their power to recall him or advise him. He's supposed to act on the advice of the cabinet which is clearly acknowledged in the Constitution, and as an IPS officer he ought to bear in mind of that.

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