Ukraine’s ministry hopes blockchain can dismantle corruption

As narratives about corruption in Ukraine evolve, the Ministry of Digital Transformation hopes blockchain might clear up that downside.

Whereas Ukraine nonetheless ranked the second most corrupt nation in Europe, after Russia, it’s now exploring new methods to battle corruption for concern of shedding assist from the West.

The pinnacle of the digital property skilled group on the Ministry of Digital Transformation of Ukraine, Yulia Parkhomenko, spoke on the panel dialogue held by the Heart for Strategic & Worldwide Research. She stated the ministry sees new potentialities in blockchain know-how in making the Ukrainian authorities extra clear.

She notably famous that blockchain can “reliably defend” state ledgers from unauthorized entry, improve their transparency, and “cut back corruption in state entities that oversee them.”

“Alongside specialists, we’re exploring worldwide expertise of utilizing blockchain on a state degree and develop our personal technique to implement web3 applied sciences in Ukraine.”

Yulia Parkhomenko, Ministry of Digital Transformation of Ukraine

As Russia continues its offensive towards Ukraine, Parkhomenko identified the nation is already utilizing blockchain know-how in “documenting Russian struggle crimes” with the assistance of Dokaz.

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This challenge helps prosecutors safe susceptible digital data. The product was developed by Starling Lab and supported by the FTX Basis and the Filecoin Basis.

Ukraine is just not the primary nation looking for a silver bullet resolution to this downside.

As crypto.information reported, Puerto Rico’s lawmakers had been additionally eyeing distributed ledgers in late 2021, attempting to convey extra accountability and transparency to the general public sector. It’s unclear if the federal government has made any progress since then, on condition that in August 2022 the FBI arrested Wanda Vázquez, a former governor of Puerto Rico, on expenses of accepting bribes from a marketing campaign donor whereas in workplace.

Learn extra: WEF article highlights how blockchain might assist sort out corruption