Blockchain a panacea for corruption in state governance, says exec
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 activities. Transparency, fairness and efficiency of government systems are some of the areas that are prime for blockchain disruption in public governance.Writing for the WEF Global Agenda section, Matthew Van Niekerk, co-founder and CEO of blockchain-as-a-service outfit SettleMint, highlighted how blockchain adoption could improve public procurement and land registries.According to Van Niekerk, public procurement is one of the main....
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A blockchain-based system for holding online auctions will be launched in Odessa region, Ukraine, in February 2016. The system will allow leasing and selling state property in a decentralized and transparent manner. Such a solution could help fight corruption in this sphere. The current system of state property in Ukraine is centralized. So when this property is sold or leased, only a certain amount of people that control the system get the benefit of it. Thanks to the Blockchain, state property would go online and would be sold or leased without the ability of any particular person to....
The use of blockchain technology has now expanded to the fight against corruption as well. Among the many advantages of the digital currency, the transparency associated with transactional data stored over the blockchain is the most attractive one. The very property comes in handy when it comes to maintaining transparency and preventing corruption in sectors where blockchain-based applications are used. The digital currency technology is already being considered by few government representatives, institutions and other social organizations in their fight against corruption. The blockchain....
The specter of corruption rules the world. Indeed, over 6 billion people live in countries afflicted by an acute corruption problem. Brazil is a case in point. In the scandal du jour, the government-controlled oil company, Petrobras, allegedly has lost billions of U.S. dollars due to fraudulent contracts, bribery, and money laundering. Fortunately, there....
Bitnation, the blockchain-based Governance 2.0 initiative led by charismatic founder Susanne Tarkowski Tempelhof, released a first alpha of its Bitnation Pangea collaborative platform for DIY Governance. The release is tagged alpha 0.1.0, which makes it clear that it isn't yet stable or full-featured. However, the roadmap is nothing short of revolutionary and could have a significant impact. "Bitnation is a Governance 2.0 Operating System, designed to disrupt the nation-state oligopoly through offering more convenient, secure and cost-efficient governance services," Tarkowski Tempelhof, a....