Imagine a country where taxes are paid automatically via smart contracts, corruption is eliminated using blockchain, and government services are available through decentralized platforms. All of this sounds like fantasy, but it is quite real thanks to DeFi (decentralized finance). Is Ukraine ready for such a step? And is it even possible?
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DeFi as the basis of future governance
DeFi is a financial system that works without intermediaries, using smart contracts on the blockchain. In the world of DeFi, anyone can become a banker, insurer, or trader without bureaucracy and queues. But what if these technologies were applied to the state? For example:
Budget on the blockchain: All income and expenses are public. No “kickbacks” because every payment is transparent.
Automatic fines and subsidies: The system itself decides who to charge a subsidy to, and who to charge a fine for violating traffic rules, without the "human factor."
Voting on DAO platforms: Forget about election commissions and “carousels.” Every vote is recorded on the blockchain, where it cannot be forged.
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Does Ukraine have a chance for a DeFi revolution?
Ukraine already has certain prerequisites:
1. The Law "On Virtual Assets" is the first step towards the legalization of cryptocurrencies.
2. IT talent — Ukrainian developers are among the best in the world and create cutting-edge DeFi projects.
3. High level of distrust in the authorities - this can motivate society to demand a more transparent system.
But there are also obstacles:
Corruption: The implementation of DeFi is a threat to those accustomed to "shadow schemes."
Weak legal framework: Regulation of blockchain and cryptocurrencies remains superficial for now.
Resistance from traditional elites: They won't want to lose control.
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What can DeFi change in Ukraine?
1. Tax-free: All transactions automatically calculate and pay the required taxes. You don't even notice this process, just like you don't notice the fee being charged on Binance.
2. Transparent budget: Every citizen can check at any time where their tax money is spent.
3. Social payments via smart contracts: No "lost applications" or "insufficient funds in the fund."
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Is this possible in Ukraine?
Maybe, but only if society demands it. A DeFi state is a revolution that requires not only technology, but also a change in mindset. It sounds utopian, but who would have thought that one day we would be paying for pizza with Bitcoin?
Ukraine has every chance to become a pioneer in this area. The main thing is not to let corruption and bureaucracy extinguish this idea. Because if we can create the largest IT army in the world, then why not create the first DeFi state?
