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Blockchain Technology and Taxation, How Does It Affect? by levycore

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· @levycore ·
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Blockchain Technology and Taxation, How Does It Affect?
https://www.inn4science.com/blog/wp-content/uploads/2018/11/iaJoQESQ.png
[Source](https://www.google.com/search?q=tax+blockchain&safe=strict&rlz=1C1GGRV_enID751ID751&sxsrf=ALeKk01WL7aG9G3gXcV2mnenGZ_qtoTupg:1582463075577&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjqpfWr3ufnAhUFxzgGHT4cA3gQ_AUoAnoECA8QBA&biw=1366&bih=695#imgrc=evRw6F9OkdnFiM)


Blockchain technology is predicted is a technology that overcomes the remodeling of existing systems in various fields of life. In the financial sector for example, blockchain technology offers secure and transparent transaction recording. In addition, the time required to conduct transactions is also shorter than the transaction costs that must be incurred if done through a third party, such as a bank for example.

One of the most promising uses of the blockchain is the use of this technology in taxation. Wow, what is the effect on the world of taxation? .

## Blockchain and Transparent Taxation

We all discuss that blockchain is a decentralized digital data storage system. Related, the data used using this technology, can not be accessed on one server, but by many servers, so it can be used to manipulate and change open source.

Because the data that has to be moved cannot be changed anymore, it must be approved but also smaller. Related to the compilation applied in world taxation, all elements of society can mutually support those who have paid taxes and used the tax money used. Naughty officials are even more difficult to commit corruption.
That's good too.

## Started to be applied in Indonesia

This sophisticated technology turns out to be considered a technology that can eradicate corruption in Indonesia. At the end of April 2018, OnlinePajak, an ASP (application server provider) company which is an official partner of the Directorate General of Tax launched a blockchain for taxation.

In its application, other institutions besides the Directorate General of Taxes such as the Directorate General of Treasury, BI, and institutions designated as payment channels such as Pos Indonesia will also be involved and can mutually support the sustainability of tax payments.

Although at this time Indonesia still cannot accept cryptocurrency because transactions with currencies other than rupiah are considered illegal, but by applying blockchain technology in the taxation world, this indicates that blockchain technology can be well received in Indonesia.

In your opinion, how is the potential for blockchain technology to be applied in other fields in Indonesia? Let's express your opinion in the comments column.

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