Puerto Rican government intends to use blockchain technology to fight corruption
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](https://storage.getblock.net/source/1/1KJP0-0gAOHuQJwECkmyuCjFX3j0TfM7.png)
20.12.2021 - 08:45
263
1 min
0
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.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024