1) trust - transparency is pre-requisite for trust, thus I believe we will trust our government

2) accountability - it should be easier to keep everyone accountable

3) engagement - my experience proves that the more transparent you are with your employees, the more they are involved and, later, invested

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Discussion

On what “could go wrong?” aspect:

1) Privacy issues, obviously, but this could be addressed I believe

2) Being exposed to competing governments that do not employ same transparency

3) harder to change?, i.e. sometimes revealing information too soon makes change impossible or very difficult