Imagine that you have an economy that is paralyzed by unpaid bills. Nearly every company is owed money, and most companies also owe other companies money. A lot of this money is many months overdue, and its hard for companies pay their bills, if their own bills haven’t been paid.
One idea would be to create a central computerized database of money owed to companies. Since everyone already has a unique identification number, and VAT needs this information anyway, it seems like the pieces are already there.
The advantage of having a system like is is that it could do a network analysis and figure out how to net the payments. Eg, if company A owes 100 euros B, who owes C who owes A, you can basically cancel out the payments, with no real loss to anyone.
Government money could used to do free up funds with a huge multiplier effect, since the system could analyze how much money would be freed up by loaning money to a given entity.
It’s nice to dream…