About the role of blockchain technology in fighting corruption

Distributed LabBlogAbout the role of blockchain technology in fighting corruption

Here are some thoughts:
1) A major cause of corruption is the lack of transparency – in procedures and access to data – as the result of paper based process. Digitization, usage of signatures, public APIs can resolve these problems (also required to implement blockchain).
2) A second cause is the centralized decision-making and storage of data. Prior to the emergence of blockchain, states had an excuse – information security. The example of cryptocurrencies has shown that the system can be entirely open – and yet offers absolute integrity and privacy. Interim solutions can provide auditors and public organizations access to the data. I will be giving examples of Distributed Lab’s experience in building decentralized auctions.
3) Reporting of corruption is very important problem. Anonymous accusations don’t work, because it’s so easy to spam the system with bogus claims – yet openly-made identification of corrupt officials can quickly lead to abrupt reprisals. On this topic, I will be presenting our solution – based on ring signatures – which enables anonymous, yet verifiable accusations possible.

Illustration by Katerina Krashtapuk

Pavel Kravchenko
About the author

Founder & cryptographer