Lado Okhotnikov discuss is the blockchain a powerful tool against corruption
In 2019, the United States initiated the “Transparency” project, a collaboration between the Inter-American Development Bank and the Office of the Attorney General of Colombia. The project involved creating a test model cloud to explore the feasibility of using blockchain technology, specifically the Ethereum software. In 2020, a block of purchases was successfully completed under Colombia’s state nutrition program for underprivileged children (Programa de Alimentación Escolar).
The project aimed to study the potential and limitations of blockchain technology in combating corruption in public procurement. Different data access models, including exclusive (permissioned) and inclusive (permissionless) schemes, were tested to assess their effectiveness.
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