The Puerto Rico authorities just lately confirmed curiosity in utilizing blockchain technology to fight corruption. Home Speaker Rafael “Tatito” Hernandez confirmed that lawmakers plan to fulfill with native blockchain consultants this month to create sensible contracts that intention to deliver extra transparency and accountability to the sector.
In these conferences, they are going to talk about the best way to undertake blockchain expertise for anti-corruption functions. In response to Bloomberg, Hernandez spoke concerning the latest growth on anti-corruption at a Blockchain Commerce Affiliation Convention.
Hernandez mentioned implementing blockchain and sensible contracts might deliver extra transparency and accountability to the general public sector. “Now we have an actual credibility drawback,” he defined. “And this may be a part of the answer,” he added.
Hernandez additionally famous that this innovation is a broader effort to make the nation a hub for digital belongings and blockchain improvements. “Again within the 60s and 70s we had the area of interest of producing…This can be a new area of interest, a brand new alternative to create jobs,” he mentioned.
Puerto Rico has been concerned with corruption scandals lately. Lately, Cataño Mayor Felix Delgado-Montalvo pleaded responsible to expenses of accumulating money bribes of greater than $100,000 and luxurious watches from firms in change for municipal contracts.
Blockchain & anti-corruption efforts in different nations
Extra nations are combatting anti-corruption with the usage of blockchain expertise.
The United Nations drug and crimes company has advised the Kenyan authorities to utilize blockchain for anti-corruption functions. David Robinson, the regional anti-corruption advisor on the UN’s Workplace on Medicine and Crime, mentioned that applied sciences like blockchain would assist Kenya stop the lack of billions to deprave practices and crimes within the nation.
Additionally, the Ministry of Overseas Affairs for Denmark revealed a report explaining the use of applied sciences equivalent to blockchain, huge information, crowdsourcing, and e-governance to deal with administrative corruption and political corruption. The report acknowledged that blockchain could possibly be used as an anti-corruption device as it might probably retailer data transparently and immutably.
Regardless of some nations’ efforts to leverage blockchain expertise in fixing corruption, Russia prohibits authorities officers from utilizing digital belongings attributable to unlawful actions.
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