Corruption is the process of using political power in order to gain personal benefit. Corruption is one of the main problems of today’s world, emerging in an absolute majority of countries and leading to hard consequences for the population. The biggest problem of it is the prevention of development caused by corruption in developing countries. The question of how to end corruption is crucially important for the future development of most nations. Solutions for corruption may be found in political, economic and technological measures. Blockchain technology may become a solution of corruption by being implemented in budget control and voting processes. Blockchain corruption-preventing measures are easier to maintain in developed countries but are possible for developing countries with the help of blockchain-based companies and support of the U.N.
Emerging technologies are essential to fasten SDGs, but this shouldn’t come at the expense of prudence and careful evaluation.
The UN’s ‘decade of delivery’ needs blockchain to succeed
In a world where all public records are stored on an immutable ledger, it would be difficult to be a corrupt government official.
Bribery gets blocked: Stamping out corruption with blockchain tech
Ministry of Foreign Affairs of Denmark has released a report analyzing the use of blockchain in the fight against corruption.
Denmark proposes use of blockchain in fight against corruption
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says.
Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official
A new World Economic Forum study has revealed how blockchain technology can be used to prevent corruption in public procurement.
World Economic Forum Suggests Fighting Corruption With Blockchain Tech
The World Economic Forum looks at blockchain as a solution against foul play in government processes.
WEF Hopes to Stamp Out Corruption With Colombian Blockchain Trial
Ukrainian officials are urged to disclose their cryptocurrency holdings as one of the national anti-corruption agencies publishes a manual on how to report cryp...
Ukraine's Officials Will Need to Report Crypto as ‘Intangible Assets'