Danish Ministry of Foreign Affairs examines the use of block technology to combat corruption

Danish Ministry of Foreign Affairs examines the use of block technology to combat corruption


   Representatives of the Danish Ministry of Foreign Affairs (MFA) have issued a report focusing on the use of new technologies as tools to prevent corruption.


The report, entitled "Code of Integrity: Digital Opportunities in the Fight against Corruption", was presented at the IACC Anti-Corruption Conference held in the Danish capital, Copenhagen.

According to the MFA report, the blockchain can serve as "one of the ways to combat corruption" because of its ability to store records transparently and safely. With this technology it is possible:

- transfer funds even to those who do not have an official identity card or bank account;

- secure public documents, certificates and records, thereby limiting the possibility of corruption;

- place property records in a common digital database so that people can claim their rights without depending on central government.

The Danish Ministry of Foreign Affairs also notes that by using a blockbuster it is possible to restore confidence in information and communication technologies.



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