The World Economic Forum, a Swiss non-governmental organization dedicated to promoting international cooperation, recently published a commentary on the social impact of blockchain technology, arguing that “the potential of blockchain technology is too great to ignore.”
An article written by Carlos Santis of the Inter-American Development Bank mentions the technology's applications for "identity management, property registration, and diamond trading" as examples of areas where blockchain technology provides an opportunity to "eradicate corruption in a world plagued by corruption scandals At the same time, Santiso argues that while blockchain technology is not a magic wand for solving the world's problems and will not replace good government and strong institutions, it can nonetheless help nudge governments in the right direction.
The upcoming deployments of blockchain technology in Georgia and Ukraine to manage land registry affairs, as well as in Mexico, where the technology is being trialled to ensure transparency in public contracts, are examples of the benefits that blockchain technology can bring to government institutions.
Given that any additional 25% to the value of government contracts in developing countries is considered corruption, it is clear that blockchain technology will bring the same benefits to the government and charities that it brings to the private sector.
According to https://www.icoexaminer.com
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