The Speaker of the House of Representatives noted that the lawmakers plan to meet with the experts to create smart contracts

​Puerto Rican government intends to use blockchain technology to fight corruption

20.12.2021 - 08:45


1 min

What’s new? Puerto Rico's government has shown interest in using blockchain technology to fight corruption. House Speaker Rafael Hernández confirmed the information, Bloomberg reports. He noted that the lawmakers plan to meet with the blockchain experts to create smart contracts. At these meetings, the lawmakers will discuss and consider using blockchain technology for anti-corruption purposes.

Information on the Bloomberg website

What else did Hernández report? The Speaker of the House of Representatives spoke about blockchain and anti-corruption at the Blockchain Trade Association Conference. He said that the introduction of blockchain and smart contracts may bring more transparency and accountability to the public sector:

“We have a real credibility problem. And this might be part of the solution.”

How is blockchain used in other countries? The UN Drug and Crime Agency has previously advised the Kenyan government to use blockchain for anti-corruption purposes. David Robinson, the regional anti-corruption adviser at the UN’s Office on Drugs and Crime, said that the technologies like blockchain would help Kenya prevent the loss of billions to corruption and crime in the country.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy