Saturday, June 25

Blockchain and the fight against public corruption By CoinTelegraph

© Reuters. Blockchain and the fight against public corruption

Puerto Rico recently announced that it may be looking for a blockchain solution to combat government corruption, particularly after a Puerto Rican mayor pleaded guilty to accepting a cash bribe of more than $ 100,000.

But could a distributed digital ledger really have an impact on America’s unincorporated territory’s fight against public fraud and wrongdoing?

It could be if done in conjunction with other public efforts, governance experts tell Cointelegraph. Puerto Rico could also benefit from heeding the lessons of other countries that have implemented blockchain to combat corruption in recent years, including Georgia, India, and Colombia, and should not be reluctant to bring in foreign aid, although much of the key work should. it can still be done by local agencies. Puerto Rico should not expect a quick technical solution.

Read the full article on Cointelegraph

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