By introducing the concept of automated bookkeeping and accounting, financial modelling can be applied on an individual level across the economy. Government plans and action can be fed with new information and updated on an incremental and immediate basis, allowing for direct responses in the form of informed fiscal spending and monetary policies.
New levels of transparency and efficiency are achieved through blockchain-based solutions that provide for the ability to safely automate tax payments and reports. By increasing visibility of tax evasion and making it easier to comply with regulations, citizens are incentivised to form part of a society that is able to hold government and each other to account. While protecting the privacy of individuals who demonstrate honest behaviour, citizens are encouraged to seamlessly engage in government interaction and inform policies that best serve their economic environment.