Our goal is to create a research model for the purpose of advancing public policy and the adoption of blockchain technology within our government. Though our research and proposal objectives will evolve over-time as politics often do, our initial objectives will be to research and propose public policy that improves government efficiency at all levels, and not just within the United States. Our founding principle is to research and propose public policy that is a catalyst for the governments adoption of blockchain technology by applying the below formula as the basis of our rationale:
Bureaucratic Friction + Friction-Reduction Yield + Risk Management = Proposed Public Policy
Our mission is to propose public policy only when each variable above is at its maximum, and not just when one variable is at its maximum. More on that below, though in our model, bureaucratic friction is the “red-tape” delay that exists within the processes of implementing, monitoring, and executing current regulation. Our first step will attempt to measure the bureaucratic friction that is potentially avoidable where blockchain implementation would be an improvement. Our second step will attempt to measure the resulting yield, or lack thereof, that exists after introducing blockchain technology. And our third step will be to mitigate the security, vulnerability, and privacy concerns when considering step one and two.
To better illustrate our approach, consider an opportunity to use blockchain technology for state and federal ID verification. By storing personal identification data on the blockchain, we can create a system where individuals have a secure and immutable digital ID. This system would simplify the process of verifying identities for various services, such as voting, accessing government benefits, or even routine tasks like age verification. Implementing blockchain for ID verification would drastically reduce bureaucratic friction by eliminating the need for repetitive identity checks and paperwork. However, while this satisfies our first step, the second step requires ensuring the system's usability and accessibility for all citizens. Without proper education and infrastructure, the benefits of blockchain-based IDs could be underutilized. Lastly, risk management involves addressing concerns about data security, privacy, and the potential for misuse. Our research will focus on how to mitigate these risks while maximizing the system's efficiency.
In summary, CryptoPolicyDAO would not propose public policy unless it satisfies all three variables above to their fullest concurrently. The point is to introduce public policy that increases the efficiency of our government and decreases bureaucratic red tape and not just for the sake of introducing blockchain technology.
- Consumer to Automated Money Maker (ie Binance, pancakeswap)
- Consumer to Regulated Exchange (ie Coinbase, Crypto.Com)
- Consumer to local municipalities (ie utilities, property taxes)
- Consumer to Federal Government
- Consumer to consumer (peer-to-peer)
- Municipality/City
- Internal
- Internal Cashflow
- Cashflow expediency
- Asset Security
- Public Transparency
- Data Storage
- Storage Quantity
- Data Retrieval
- Data Access
- Expediency of access
- External
- External Cashflow
- ID Verification
- Bureaucratic Friction:
- Identify bureaucratic friction
- Quantify bureaucratic friction
- Bureaucratic-friction yield objective:
- Identify how the yield of reducing bureaucratic friction is determined
- Quantify bureaucratic-friction yield
- Security/Vulnerability/Privacy Objectives:
- Utilize blockchain when it increases security
- Utilize blockchain when it decreases vulnerabilities
- Utilize blockchain to increase privacy, decrease identity theft
- Define barriers to entry of implementing crypto public policy
- Barriers to Learn (ie no mandatory quarterly financial reports)
- For individuals
- For municipalities individually
- Barriers to Purchase
- For individuals
- For municipalities individually
- Understand the levels of anonymity within cryptocurrency
- Anonymous to third parties on the blockchain
- Anonymous-to-KYC levels to Govt
- Bridge the gap between legally using crypto while still being anonymous on the blockchain
- Define Benefits
- Intellectual Property
- Titles, Deeds, Hiring Contracts
- Store of Value
- Residual Yield (passive income)
- Risks Creating a policy outline that addresses and can monitor known risks
- Security
- Personal Phone security
- Wallet/App Security
- Exchange Security
- Blockchain/Protocol Smart Contract Security
- Social Engineering Attacks
- No Regulation or Government Backstop (ie FDIC)
- Environmental Energy Concerns
- Protocol Financial/Credit Security & Rating
- Cryptocurrency Insurance
- Systemic Liquidation
- Over-dependence on several stable coins and backed by Ethereum. (too much correlation risk for all when a few whales move funds)
- Insurance
- Protecting digital assets
- Solvency and regulation
- Enforcement of contracts
- Currency Risk
- Education
- Youth Coding
- Security Analysis
- Positive Value Hackathons
- Interaction with schools/universities
- Community Use
- Education
- Art (ie – sponsorships, galleries)
- Community Funding (ie – specific events/needs needed locally)
- International Instances
- Crime
- Consumer Purchases
- Individual to Individual conflict
- Currency exchanges
- Banking
- CBDC Integration
- Accepting Non-CBDC crypto
- No More Overdraft Fee’s
- Federal Taxation
- Fraud Prevention
This is the start of the research model for you to interact with. This research model is in three parts starting with the Research Topics, the Research Models, and then the Research Matrix. This model is meant to be interacted with by you, so feel free to edit the information in the light yellow cells. Basically, in this model, you choose the topics to research in Part A, the research areas of each topic in Part B, and then in Part C, you answer the questions in the context of each research area within each research topic. The scores from Part C will aggregate in Part B and then in Part A, giving you a final score.
For the most part, this model is meant to present an unbiased and objective example of how blockchain technology can be utilized outside of being a token.
Part A:
These are the topics for you to update to your choice, though at Crypto Policy DAO, the currently listed 6 topics are the ones we are going to research ourselves using this model. The scores to the right of each topic are the final scores that are being aggregated from what is entered in Part C.
Part A: Research Priority
Research Topic | Measuring Bureaucratic Friction | Reduction of Bureaucratic Friction | Risk Management |
---|---|---|---|
Stablecoins | 0 | 0 | 0 |
MedicalRecords | 0 | 0 | 0 |
TrustlessVoting | 0 | 0 | 0 |
IDVerification | 0 | 0 | 0 |
DataStorage | 0 | 0 | 0 |
Insurance | 0 | 0 | 0 |
Part B:
These are the areas to research within each topic. Not all of the areas are going to be the same for each research topic, though these are the ones we believe are relevant to the research topics we are choosing for ourselves.
Part B: Models
Research Topic | Measuring Bureaucratic Friction | Reduction of Bureaucratic Friction | Risk Management | |||
---|---|---|---|---|---|---|
Research Area | Score | Research Area | Score | Research Area | Score | |
Stablecoins | Administrative DataStorage Security IdVerification TransactionExpediency | 0 0 0 0 0 | IndividualRegulationEfficiency DepartmentEfficiency PerConstituent PerEmployee PerDollarTaxed | 0 0 0 0 0 | Individual LocalGovt State Federal | 0 0 0 0 |
MedicalRecords | Administrative DataStorage Security IdVerification TransactionExpediency | 0 0 0 0 0 | IndividualRegulationEfficiency DepartmentEfficiency PerConstituent PerEmployee PerDollarTaxed | 0 0 0 0 0 | Individual LocalGovt State Federal | 0 0 0 0 |
TrustlessVoting | Administrative DataStorage Security IdVerification TransactionExpediency | 0 0 0 0 0 | IndividualRegulationEfficiency DepartmentEfficiency PerConstituent PerEmployee PerDollarTaxed | 0 0 0 0 0 | Individual LocalGovt State Federal | 0 0 0 0 |
IDVerification | Administrative DataStorage Security IdVerification TransactionExpediency | 0 0 0 0 0 | IndividualRegulationEfficiency DepartmentEfficiency PerConstituent PerEmployee PerDollarTaxed | 0 0 0 0 0 | Individual LocalGovt State Federal | 0 0 0 0 |
DataStorage | Administrative DataStorage Security IdVerification TransactionExpediency | 0 0 0 0 0 | IndividualRegulationEfficiency DepartmentEfficiency PerConstituent PerEmployee PerDollarTaxed | 0 0 0 0 0 | Individual LocalGovt State Federal | 0 0 0 0 |
Insurance | Administrative DataStorage Security IdVerification TransactionExpediency | 0 0 0 0 0 | IndividualRegulationEfficiency DepartmentEfficiency PerConstituent PerEmployee PerDollarTaxed | 0 0 0 0 0 | Individual LocalGovt State Federal | 0 0 0 0 |
Part C:
This is the matrix that we believe fits accordingly to the topics and areas we have chosen to research. Of course, many questions will need to be revised, though this matrix provides a framework in order for us to efficiently research the benefits of blockchain technology in reducing governmental bureaucratic friction. In this part, you answer each of the questions and edit the information in the light yellow cells. The measurement factor of each question will change, though for now, this matrix is asking for a generic "before" and "after" result based on your judgment.
Part C: Matrix
Stablecoins
MeasuringBureaucraticFriction
Research Topic | Research Area | Area | Subject | Question | Before | After | Amount | Sum |
---|---|---|---|---|---|---|---|---|
Stablecoins | Administrative | Production | Response | Increases response rate when requests > permitted with excess staff | 0 | 0 | ||
Increases response rate when requests > permitted with expected staff | 0 | |||||||
Increases response rate when requests > permitted with less than expected staff | 0 | |||||||
Retrieval | Increases retrieval rate when requests > permitted with excess staff | 0 | ||||||
Increases retrieval rate when requests > permitted with expected staff | 0 | |||||||
Increases retrieval rate when requests > permitted with less than expected staff | 0 | |||||||
Implementation | Administrative | Implemention training to current training ratio | 0 | |||||
Maintenance of processed records ratio | 0 | |||||||
Financial | New cost per constituent ratio per use increase | 0 | ||||||
Cost per constituent annual maintenance increase | 0 | |||||||
Data Storage | Per Use by Constituent | Storage Consumption per use ratio | 0 | |||||
Storage Consumption per constituent ratio | 0 | |||||||
Storage per update ratio | 0 | |||||||
Stablecoins | Data Storage | Production | Response | Increases response rate when requests > permitted with excess staff | 0 | 0 | ||
Increases response rate when requests > permitted with expected staff | 0 | |||||||
Increases response rate when requests > permitted with less than expected staff | 0 | |||||||
Retrieval | Increases retrieval rate when requests > permitted with excess staff | 0 | ||||||
Increases retrieval rate when requests > permitted with expected staff | 0 | |||||||
Increases retrieval rate when requests > permitted with less than expected staff | 0 | |||||||
Implementation | Administrative | Implemention training to current training ratio | 0 | |||||
Maintenance of processed records ratio | 0 | |||||||
Financial | New cost per constituent ratio per use increase | 0 | ||||||
Cost per constituent annual maintenance increase | 0 | |||||||
Data Storage | Per Use by Constituent | Storage Consumption per use ratio | 0 | |||||
Storage Consumption per constituent ratio | 0 | |||||||
Storage per update ratio | 0 | |||||||
Stablecoins | Security | Production | Response | Increases response rate when requests > permitted with excess staff | 0 | 0 | ||
Increases response rate when requests > permitted with expected staff | 0 | |||||||
Increases response rate when requests > permitted with less than expected staff | 0 | |||||||
Retrieval | Increases retrieval rate when requests > permitted with excess staff | 0 | ||||||
Increases retrieval rate when requests > permitted with expected staff | 0 | |||||||
Increases retrieval rate when requests > permitted with less than expected staff | 0 | |||||||
Implementation | Administrative | Implemention training to current training ratio | 0 | |||||
Maintenance of processed records ratio | 0 | |||||||
Financial | New cost per constituent ratio per use increase | 0 | ||||||
Cost per constituent annual maintenance increase | 0 | |||||||
Data Storage | Per Use by Constituent | Storage Consumption per use ratio | 0 | |||||
Storage Consumption per constituent ratio | 0 | |||||||
Storage per update ratio | 0 |
ReductionOfBureaucraticFriction
Research Topic | Research Area | Area | Subject | Question | Before | After | Amount | Sum |
---|
RiskManagement
Research Topic | Research Area | Area | Subject | Question | Before | After | Amount | Sum |
---|