Post #76

🇬🇭 Ghana's Blockchain Madness 🌏 On Monday Ghana's Gold Board Chief Sammy Gyamfi announced the upcoming launch of blockchain-powered "track-and-trace" system supposed to put on and to illegal gold mining (also known in Ghana as "galamsey"). The suggested scheme seems simple: you mine gold - you get a special blockchain tracker for every single gramm - the Gold Board can make sure no refinery gets gold from those who mine illegally. ❓Our world, however, is full of unanswered questions and mysteries. Only 10% of the ocean has been explored, we don't know how Egyptians built their pyramids or who killed Kennedy - CIA or FBI - as well as how blockchain can actually help fight "galamsey". 👁Illegal gold mining is called illegal for its ability to bypass official procedures. The Gold Board has already established a monopoly to by gold from small-scale mining, which means no factory or refinery can on their own buy the production of artisanal miners. Those who continue doing so will just make sure gold gets its crypto-lebel somewhere in the middle of production chain. Those who smuggle gold across the border to the UAE and India will continue smuggling it to the UAE and India. 🎛Unfortunately, blockchain cannot not cure corruption and establish the control of a state over its own borders, nor can AI. People still have to make some real efforts and Ghana's government had better not neglect this. Devils Below