In context, they're talking about removing inefficiencies and increasing transparency by transacting directly through the theoretical Public Ledger system. We a

In context, they're talking about removing inefficiencies and increasing transparency by transacting directly through the theoretical Public Ledger system. We already do all of this with extra steps currently. There is nothing new here. A big thing this brings is transparency, because its a lot harder to hide where tax dollars get spent when you also have introspection into how the money gets allocated, rather than just cutting checks, for instance, to maintain / build highways, this would allow for the government to have better oversight with how public highway funds are being spent. Thats one example. Another is more efficient handling of farming subsidies (this is to the tune of hundreds of billions of dollars). This is plainly spelled out in the paper when read as a whole. These aren't bad things, and they already exist. There is nothing new here, other than streamlining operations to make them more auditable, transparent, and efficient. It cuts out the "extra steps" part, which more often than not, is where most of the waste is.