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Blockchain can Fight Corruption Says Mexican Presidential Candidate

DATE POSTED:May 13, 2018
Presidential candidate fighting corruption with blockchain

The 2017 Corruption Perceptions Index, according to the transparency.org page, shows that New Zealand and Denmark rank first with less corruption, while Mexico ranks 135 out of 180 as one of the countries with most corruption. Presumably in an attempt to introduce more transparency and accountability, Ricardo Anaya Cortés (candidate for the presidency of Mexico) proposed the use of the Blockchain technology within the framework of four proposals for the purpose of eliminating corruption in the country, in case of winning the next elections on July 1, 2018 .

Along with the proposals, released in a statement was the suggestion to create a new system of monetary policy, eliminate the use of cash in the three orders of government, so that all payments are made through a more transparent financial system. The proposal also suggested to appoint a General Prosecutor’s Office and an autonomous Anti-corruption Prosecutor’s Office that would operate outside the control of the “elite”. The candidate referred to the use of Blockchain technology to ensure the monitoring of public monies.

“We want to create a portable virtual platform that allows public resources to be monitored permanently, as well as incorporating Blockchain technology, which will make it easier for citizens to know the allocation, use and destination of the resources that it contributes to the public treasury.” Anaya said.

Blockchain proposals

This is not the first time that the Blockchain technology has been proposed to conduct a presidential electoral campaign in Latin America. In fact, just last year, the former candidate for the presidency of Colombia, Juan de Zubiría, proposed the acceptance of cryptocurrencies and the use of distributed accounting technology for public services.

There has also been a history of the inclusion of this technology in the development of electoral processes in other regions of the world, such as the cases of the State of West Virginia in the United States of America or the introduction in legislation of Blockchain concepts and intelligent contracts in the state of Tennessee. Meanwhile, in Russia, the president of the electoral commission indicated that she would propose to President Vladimir Putin the use of Blockchain for the next presidential elections.

Advantages for the public and private sector

As an advantage, the candidate indicates that many bureaucratic procedures could be automated and verified, which would reduce costs and time and increase security.

Anaya expects the government to get closer to the communities and entities involved in this technology, in order to make the government system more efficient for the benefit of all, but maintains that it must be remembered that it´is a very new technology and there is still a long way to go.

The post Blockchain can Fight Corruption Says Mexican Presidential Candidate appeared first on Crypto Core Media.