Ukraine's Presidential Candidate to Combat Corruption Using Blockchain Technology

Yulia Tymoshenko, a presidential candidate in the 2019 elections in Ukraine, wants to combat corruption in the country using Blockchain Technology. Yulia made this known via a publication on Facebook earlier this week. She is also the former prime minister of Ukraine who served between 2005 to 2010.

Ukraine May Not be Celebrating the Anti-corruption Day

According to the Politician, though other countries were celebrating the anti-corruption day on December, 9, Ukraine has nothing to glory about. This is because the country is swimming in corruption and so far, nothing has been done about it. She added that no one had been punished for crimes about it.
In her own words, corruption is when people are not paid a reasonable amount as salary or pension. Also, courts lack reforms since this corruption has overtaken the justice department of the country. She even pointed out an instance where she formed an anti-corruption court in the past, which as of today, has done very little to combat the level of fraud in the country.

Combating Corruption With the Use of Blockchain Technology

Therefore, one way to reduce this fraud is to rely on a decentralized platform that is not centrally controlled by a single person, government, or organization. Its decentralized nature means that its stored content will not easily be manipulated. This is because all participants of a network must agree before data can be changed.
That being the case, Blockchain technology will be employed in taking public inventories. It will discourage the actions of corrupt authorities and other practices that tamper with documents. Accordingly, documents that involve state registries will be stored on the Distributed Ledger Technology.

Politician’s Support for Blockchain in the Past

In the past, the politician had outlined the potentials Blockchain technology had when it comes to the aspect of corruption. This was at a forum in Kiev in June 2017, where she made a presentation suggesting that administration systems should be transferred to the Blockchain. She also stated that the perfect solution for corruption is Blockchain which has been proven internationally to secure data.

Other than the Government’s belief in Blockchain being a solution to combat fraud, so are private industries. For example, Andrew Anagnost, CEO of Autodesk has also mentioned the high level of fraud in the construction Industry which brings about distrust between workers. In the CEO’s opinion, Blockchain technology may just be a possible solution to bring about transparency in the industry.

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