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.
If corrupt government officials try to delete files on the blockchain, “any change will be noticed immediately by other participants.”
Cure for the itch: Deputizing blockchain to fight public corruption
A mayor in Puerto Rico pleaded guilty to accepting a bribe of more than $100,000 in cash last week.
Puerto Rico wants to combat corruption with blockchain technology
Retirees and veterans in El Salvador are worried that the government will start paying their pensions in Bitcoin instead of the U.S. dollar.
Retirees in El Salvador protest against Bitcoin adoption
One electoral commission aspirant in Kenya said that the country should consider adopting blockchain-based voting.
Kenyan electoral commission nominee clamors for blockchain voting
Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facil...
Russian lawmakers prepare legal amendment to confiscate crypto
An article appearing on the World Economic Forum website has made the case for blockchain adoption to fight corruption and wastage of resources in government ac...
Blockchain a panacea for corruption in state governance, says exec
Some Russian public officials have to disclose their crypto holdings, while other officials are obliged to hold zero crypto by April 1, according to a new law.
Some Russian officials are being forced to sell their crypto by April 2021