Blockchain can serve a unique role in preventing government corruption. Its technology offers a singular combination of permanent and tamper-evident record keeping, real-time transaction transparency and auditability, and automated smart contract functionality.

Blockchain-based process can directly address procurement’s corruption-risk factors by facilitating third-party oversight of tamper-evident transactions and enabling greater objectivity and uniformity through automated smart contracts, thus enhancing the transparency and accountability of transactions and actors.

Read the full article at World Economic Forum

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