ABSTRACT
The evils of corruption, tax evasion, and money laundering are driven by greed. The victims of these crimes are employers, clients, legitimate businesses, and government, tax and revenue agencies, and entire communities and economies. For government, banks, and businesses, blockchain can streamline online exchanges, and reduce corruption, mistakes, fraud and tax evasion. This is achievable because blockchain technology is at its least the most sophisticated tracking system yet developed. Permissioned blockchains can ensure that users are reporting income and meeting their tax obligations. These blockchains could also interact with other blockchains, so that agencies and departments can automate cross-checking of related transactions.
