UN Regional Adviser: “Blockchain is an effective tool for fighting corruption»

UN Regional Adviser: “Blockchain is an effective tool for fighting corruption»

David Robinson, Regional Adviser to the United Nations Office on Combating Drug Trafficking and Crime, believes that blockchain will help governments of different countries in the fight against corruption.

David Robinson said that blockchain-based solutions will help fight not only corruption, but also other economic crimes. The blockchain will provide full traceability of transactions, prevent changes to already entered data and protect documents from forgery.

According to Robinson, due to corruption, society ceases to trust the state, and the blockchain can become an important tool for increasing trust in the government. In particular, he mentioned Kenya – due to the lack of effective ways to combat bribery and the inability to track cases of corruption, the country annually loses about $6 billion of its budget.

Many countries are already considering blockchain for transparent tracking of transactions and reducing the likelihood of receiving bribes. So, according to a report by the Danish Ministry of Foreign Affairs, blockchain and big data technology can be used for the secure exchange of information, keeping records of births and deaths, as well as for recording car registrations.

The Government of Peru and the Inter-American Development Bank (IDB) are also ready to use blockchain to create a transparent contract procurement system that will be protected from data manipulation, unauthorized access and fraud.

This summer, the World Economic Forum (WEF), together with the government of Colombia, began testing an Ethereum-based project to increase the transparency of government processes and prevent corruption. In addition, the WEF concluded that blockchain could save billions of dollars by increasing the efficiency of supply chains.