Denmark’s Ministry of Foreign Affairs released a statement detailing the use of IT technologies and services, which includes blockchain, e-governance, big data, and crowdsourcing to combat corruption in the system, both administrative and political.
The proposal was presented during the International Anti-Corruption Conference or IACC, highlighting the importance of blockchain as a potential tool to combat corruption as it may produce a more transparent and streamlined system in governance and the public. Blockchain offers data anonymity, which is free from fraud or any forms of modifications and a system that allows accessibility and traceability mechanisms to its users. These are some of the significant factors the government considers to reduce the chances of corruption.
“The report gathers a range of examples of how digitalization can be used in the fight against corruption. Crowdsourcing gives new opportunities for whistleblowing and anonymous reporting of corruption. Blockchain technology can create increased transparency in the administration of land ownership and financial transactions. Digitalization of public procurement and public services reduces opportunities for corruption in the digitalized parts of the process.”
Cointelegraph added that the report clarifies, however, that blockchain technology’s ability to fight corruption would only be possible if the data is recorded correctly on the ledger.