Ending corruption


Thanks for doing this.


Can you elaborate on how blockchain can help eliminate corruption in governments?

2 Replies
best response confirmed by Peri Rocha (Microsoft)
That's a great question :) Outside of fixing human behavior - Blockchain can be used to keep a tamper proof record of financial transaction that is much easier for auditing after the fact. So if an RFP is taking place all of the negotiations and contracts could be digitized and recorded there. Unfortunately I don't see it fixing what individuals could do outside of the transaction but where there is a signing and record kept it could help. Hope that helps!

One of the differences between how blockchains operate versus traditional centralized systems is that information stored within it is more widely accessible by virtue of how its distributed.  Lack of transparency and easy/practical access to records is one of the things that helps govt. corruption and this is something moving to blockchains can help with.