Puerto rico government

Puerto Rico plans to fight corruption with blockchain

The government of Puerto Rico recently showed interest in using blockchain technology to fight corruption. House Speaker Rafael “Tatito” Hernandez has confirmed that lawmakers plan to meet with local blockchain experts this month to create smart contracts aimed at bringing more transparency and accountability to the industry.

In these meetings, they will discuss how to adopt blockchain technology for anti-corruption purposes. According to Bloomberg, Hernandez spoke about the recent development in the fight against corruption at a Blockchain Trade Association conference.

Hernandez said implementing blockchain and smart contracts could bring more transparency and accountability to the public sector. “We have a real credibility problem,” he explained. “And that could be part of the solution,” he added.

Hernandez also noted that this innovation is a larger effort to make the country a hub for digital assets and blockchain innovations. “In the 60s and 70s we had the manufacturing niche… It’s a new niche, a new opportunity to create jobs,” he said.

Puerto Rico participated in corruption scandals during the last years. Recently, the mayor of Cataño, Felix Delgado-Montalvo, pleaded guilty to collecting cash bribes of over $ 100,000 and luxury watches from companies in exchange for municipal contracts. .

Blockchain & anti-corruption efforts in other countries

More and more countries are fighting corruption using blockchain technology.

The United Nations Agency on Drugs and Crime has informed the Kenyan government to use blockchain for anti-corruption purposes. David Robinson, regional anti-corruption adviser at the United Nations Office on Drugs and Crime, said technologies such as blockchain would help Kenya avoid the loss of billions of dollars to corrupt practices and crimes in the country.

In addition, the Danish Foreign Ministry published a report explaining the use technologies such as blockchain, big data, crowdsourcing and electronic governance to fight administrative and political corruption. The report states that the blockchain could be used as an anti-corruption tool because it can store records in a transparent and immutable manner.

Despite the efforts of some countries to take advantage of blockchain technology to solve corruption, Russia prohibits government officials from using digital assets due to illegal activity.

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