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Mr Imed
Oct 27, 2023
“The role of blockchain in combating corruption: transparency and traceability”
Indeed, blockchain is known for its transparency and traceability, and these attributes can contribute significantly to the fight against corruption in several ways:
1. Data immutability: Once data is recorded on the blockchain, it is usually not subject to change or erasure without the consent of the majority of participants. This makes it difficult for corrupt people to falsify records or try to cover their tracks.
1. Data immutability: Once data is recorded on the blockchain, it is usually not subject to change or erasure without the consent of the majority of participants. This makes it difficult for corrupt people to falsify records or try to cover their tracks.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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