Blockchain: A Solution For Policy Corruption

Blockchain: A solution for policy corruption

Why does political corruption exist? Where does it come from? These are questions that emerge when the story is analyzed;All those events that have been marked by selfish people who did nothing but think only about their well -being and pocket.

Corruption is not something new, in fact, thanks to some records, it can be known that it has evolved and "gaining land" in society through time.

Knowing the beginnings of corruption in the world would be a bit difficult, however, according to some historians, they consider that one of the first corruption records was during the reign of Ramses IX in Egypt, where a pharaoh official brought to light,In a document, the murky shareholders of another official who had associated with a band of tombs. (Sandri, 2012)

Corruption is very frequent in today’s governments, especially in Latin America;It has a disproportionate impact, which falls mainly on the poorest and poorest, since it increases the cost of living and reduces the possibility of access to services such as health, education and justice. Another impact of corruption is in terms of investment, this is difficult and with effects derived from growth and jobs. According to an international transparency survey, more than half of Latin Americans believe that their government is not working to eradicate corruption, while one in three people who used some public service in the last twelve months had to pay a bribe.

(World Bank, 2019)

Is it because of the ambition and thirst for insatiable power characteristic of the human being which lead him to commit such acts? Or maybe it will be the same society, which has already made corruption a custom, which corrupts it? Whatever the case, corruption is and will continue to be a serious problem. If we focus on Latin America, according to the rate of perception of corruption published by the NGO Transparency International in January 2019;In Venezuela and Nicaragua is where there have been higher levels of corruption and although in some others such as Mexico, Paraguay, Cuba, Ecuador, Peru and Honduras a slightly lower level has been recorded, they are not far behind;What makes us think then when we let corruption continue to make its way to our society? What could be the solution?

In some countries, the use of technologies that favor the transparency of the actions of public officials have already been implemented, for this, blockchain technology has been used as an ally to prevent acts of corruption. So what is blockchain? And how could it help in the fight against corruption?

Blockchain or, in its Spanish translation, block chain, is a distributed and safe database in which various transactions can be made. It works as a great account book in which records or blocks are united and encrypted (Javier Pastor, 2017). In other words, it is a digital block system that houses information. Each block can contain different types of information, for example, in the case of the famous bitcoin cryptocurrency, information about money transfers are contained.

As is known, Blockchain is a very safe system due to its own decentralized and verifiable structure. This system is made up of various interconnected nodes;Through it, transfers are made, whether transactions or sending information, which must be verified by each of the users of the chain to approve. Since all transfers involve a third party to validate them, these are 100% traceable and the information contained in data packages has minimal possibilities of being intervened. (Chávez, 2018)

Blockchain could prevent any suspicious transaction from passing unnoticed, or can be eliminated, modified and even covert. A public registry that allows to be monitored by all the parties involved would make it possible for each of the transactions made to be recognized. Even, as all registered information is indelible, evidence could not be eliminated in case of any improper use of resources. (Loyal, 2017)

Due to these characteristics, Blockchain would be a very good option for governments in Latin America to be aware of all the movements that officials perform, since everything would be registered and the fraud possibilities would be reduced.

Blockchain does not have a single way of use;Different governments are also using this technology for various areas of the State, not only in the financial field, but also political. A first alternative would be to use blockchain to handle state budgets. This would guarantee the tracking of the monetary movements carried out by the institutions. Another use would be to register the operations of the organisms in distributed accounting books, since in this way the percentages generation processes would be automated and it could be confirmed if the numbers presented in memories and accounts are those that correspond. A third use would be to combat corruption in beneficial donations. Applying the blockchain system, a more transparent process would be carried out and money would come intact to beneficial institutions. One last way of using blockchain would be applying it in suffrage. Virtual chips would be used replacing the electoral tickets, the votes would be accounted to immediately avoiding frauds, in addition, the secret of the vote would be guaranteed because the transactions are anonymous. (Gómez, 2018)

Blockchain is undoubtedly a revolutionary system with much to offer. This storage method with many "eyes looking" will probably be an infallible tool in the future. Many other uses for blockchain still hope to be discovered, but now that we have it as a solution proposal for one of the greatest enemies of society: corruption, what are we waiting for to use it?

Bibliographic references:

• World Bank (2019) Blockchain: How to make sure every dollar reaches those who need it. Recovered from https: // www.world Bank.org/es/News/feature/2019/01/24/blockchain -As-assist -which-doming-llegue-a-who-lo-net
• Chávez, g. (2018, September 3) Blockchain could reduce corruption in Mexico. Expansion. Recovered from https: // expansion.MX/Technology/2018/09/03/Blockchain-Podria-Reduce-La-Corrupcion-En-Mexico
• Gomez, e. (2018, January 12) 4 ways in which Blockchain could fight corruption. With our Peru. Recovered from https: // www.Connuestropeu.com/science-and-technology/55659-4-forms-in-the-what-blockchain-podria-combatir-la-corrupcion
• Loyal, A (August 2017,14) Blockchain, the corruption Achilles heel. Crypt you came. Recovered from https: // www.cryptootics.com/Community/Adopcion/Blockchain-El-Tallon-De-Aquiles-De-La-Corrupcion/
• Sandri, p.M. (August 3, 2012) History of corruption. The vanguard. Recovered from https: // www.the vanguard.com/styles-of-life/20120803/54331562523/history-of-the-corruption.HTML
• Shepherd.J. (2017.17 November) What is Blockchain: the definitive explanation for more fashion technology. Xataka. Recovered from https: // www.Xataka.com/ special/ Que-i-BlockChain-La-Explication-Definitive-for-the-Tecnology-Más-de-Moda