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.
Chris Maurice, founder and CEO of crypto exchange Yellow Card said in Africa, crypto isn’t the “casino” it can sometimes feel like in the West.
Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs
Human Rights Foundation chief strategy officer Alex Gladstein argues that Bitcoin represents free speech, property rights and open capital markets — stifling th...
Bitcoin ‘fixes democracy’ and fights corruption: Human Rights Foundation
Russia’s crypto OTC platform Bankoff has reportedly not only helped officials avoid sanctions but also generated some gains.
Opposition press links Russian lawmaker to local crypto OTC
Ripple defense lawyer John Deaton’s CryptoLaw website has a petition app, and readers are urging Congress to look into a suspicious meeting and other supposedly...
Thousands petition for congressional investigation of alleged Gensler–SBF links
As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants.
El Salvador’s Bitcoin purchase information can’t be made public: Trustee
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