ABSTRACT

Regulatory technologies have emerged in order to enable, as effectively as possible, compliance to remain in step with rapid advances in computing in industry and finance in particular. Louis-Sebastien Mercier's illustration of an equitable taxation system in which individual citizens willingly pay their fair shares in consideration of the benefits the state will offer in return stands in stark contrast to the extreme and often nightmarish complexities of tax systems in many states today. The virtue of taxation, the notion of it not necessarily as 'the good' in and of itself but as a means to it, is often obscured in real life behind a fog of legal doctrines, codes and technicalities. As a technological 'solution' to the 'problem' of aggressive forms of tax avoidance blockchain-based register use of blockchain would, the author suggest, go some way to being a use-case of 'blockchain for good'.