All social program benefits can be distributed onchain: Compliance exec

A prominent compliance executive has argued that transitioning all social program benefits to blockchain infrastructure is a viable solution for modernizing public welfare. By distributing funds onchain, governments can achieve unprecedented transparency and traceability, ensuring that financial aid reaches intended recipients without the delays or high costs associated with traditional banking systems. The executive highlighted that smart contracts can be utilized to automate eligibility requirements and programmatic spending, which helps in preventing fraud and misappropriation. Although challenges such as digital literacy and regulatory alignment persist, the shift to onchain distribution is presented as a critical step toward enhancing fiscal accountability and restoring public trust in government-led social initiatives.

Source: All social program benefits can be distributed onchain: Compliance exec