on the crypto
A consultant from the UN anti-crime section highlighted the opportunity for countries such as Kenya to adopt blockchain technology to make it easier for the nation to track corruption within the government and reduce the impact of financial crime.
The importance of trust in the network
UN regional anti-corruption consultant David Robinson said trust in online businesses is needed as we work to improve trust in governments and prevent fraud and falsification of public records.
The official said in a public statement that as corruption undermines citizens' trust, a technology that strengthens this trust becomes an attractive solution for public projects.
In the era of the fourth industrial revolution, trust in online financial activities has become a vital resource for transactions between parties that do not know each other and for strengthening trust in government.
Many have argued that blockchain technology, which enables transactions to be traced, can specifically identify illegal or irregular activities. In this regard, Robinson pointed out that blockchain technology can be an important solution for the global community and international organizations, as it is a tool that can be used as an antidote to political corruption and to protect public records from fraud and falsification. .
Recognize and address the corrupting role of money in politics
The president of Transparency International had stated in the past that governments must "urgently address" the corrupting role of money in the financing of political parties "and the undue influence it exerts on political systems".
In fact, in 2016, the then head of Kenya's anti-corruption department wrote in a report that Kenya was losing a third of its state budget - the equivalent of about $ 6 billion - to corruption every year, and that the lack of technology made it difficult to tackle the problem.
Robinson believed that blockchain programs focused on automating and controlling high-risk transactions such as public contracts, money transfers and aid funds could support countries in fighting government corruption. However, he noted that in the context of technological progress, rural areas of Kenya have lagged behind.
Blockchain technology as a weapon against corruption
In recent times, several countries have tried to adopt blockchain technology to fight corruption. In October, the interim president of Kyrgyzstan asked the nation's electoral commission to use blockchain technology to make elections in the country more agile.
He said that only blockchain technology could have contributed to having "fair" presidential and parliamentary elections. Much earlier, in September, the Danish Ministry of Foreign Affairs explained in a report how blockchain, among other technologies, could fight corruption.
