The Puerto Rico authorities lately confirmed curiosity in utilizing blockchain technology to fight corruption. Home Speaker Rafael “Tatito” Hernandez confirmed that lawmakers plan to satisfy with native blockchain consultants this month to create sensible contracts that goal to convey extra transparency and accountability to the sector.
In these conferences, they’ll talk about the way to undertake blockchain expertise for anti-corruption functions. In response to Bloomberg, Hernandez spoke in regards to the current improvement on anti-corruption at a Blockchain Commerce Affiliation Convention.
Hernandez mentioned implementing blockchain and sensible contracts might convey extra transparency and accountability to the general public sector. “We have now an actual credibility downside,” he defined. “And this is perhaps 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 property and blockchain improvements. “Again within the 60s and 70s we had the area of interest of producing…It is 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. Just lately, Cataño Mayor Felix Delgado-Montalvo pleaded responsible to expenses of amassing money bribes of greater than $100,000 and luxurious watches from corporations in trade 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 Medication and Crime, mentioned that applied sciences like blockchain would assist Kenya forestall 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 akin to blockchain, large knowledge, crowdsourcing, and e-governance to deal with administrative corruption and political corruption. The report said that blockchain may very well be used as an anti-corruption instrument as it might probably retailer information transparently and immutably.
Regardless of some nations’ efforts to leverage blockchain expertise in fixing corruption, Russia prohibits authorities officers from utilizing digital property because of unlawful actions.
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