What could Blockchain mean for Law Enforcement?

Although technology advances, so as smart criminals as well.

I belive that the right set of controls and permissions, criminal investigators and government officials can use blockchain-based technologies to prevent illegal activity and flag possible fraudulent transactions. Specifically, investigators can use solutions that incorporate workflows, which are triggered as a block moves through the various stages of an administrative process. Each change in stage is recorded by the blockchain as an irreversible transaction. A workflow is initiated that helps generate the paperwork within a streamlined system.

The collective network prevents fraudulent transactions by verifying every newly created block and the publication of cryptographic hashes during each step of a process would provide irrefutable “proof of existence”.

Furthermore, criminal investigators working within consumer protection no longer have to require all financial services to both maintain extensive identification records and then provide them to the government; encryption and web-of-trust technologies can provide a viable alternative, in which private information can be safeguarded, while trust is maintained.11 In essence, officials are starting to realize the power of blockchain – not only in its potential to revolutionize the financial industry, but also in its utility in promoting law enforcement.