The Puerto Rico authorities not too long ago 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 good contracts that goal to deliver extra transparency and accountability to the sector.
In these conferences, they are going to focus on the right way to undertake blockchain know-how for anti-corruption functions. In keeping with Bloomberg, Hernandez spoke in regards to the latest growth on anti-corruption at a Blockchain Commerce Affiliation Convention.
Hernandez mentioned implementing blockchain and good contracts may deliver extra transparency and accountability to the general public sector. “Now we have an actual credibility drawback,” he defined. “And this is likely to 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 in recent times. Lately, Cataño Mayor Felix Delgado-Montalvo pleaded responsible to costs of amassing money bribes of greater than $100,000 and luxurious watches from firms in change for municipal contracts.
Blockchain & anti-corruption efforts in different international locations
Extra international locations are combatting anti-corruption with the usage of blockchain know-how.
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 International Affairs for Denmark revealed a report explaining the use of applied sciences equivalent to blockchain, huge information, crowdsourcing, and e-governance to sort out administrative corruption and political corruption. The report said that blockchain could possibly be used as an anti-corruption device as it might retailer data transparently and immutably.
Regardless of some nations’ efforts to leverage blockchain know-how in fixing corruption, Russia prohibits authorities officers from utilizing digital belongings on account of unlawful actions.
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