As the stories about corruption in Ukraine evolve, the Ministry of Digital Transformation hopes that blockchain can solve that problem.
While Ukraine remains the second most corrupt country in Europe after Russia, it is now exploring new ways to fight corruption for fear of losing support from the West.
The head of the expert group on virtual assets at the Ministry of Digital Transformation of Ukraine, Yulia Parkhomenko, spoke during the panel discussion of the Center for Strategic & International Studies. She said the ministry sees new opportunities in blockchain technology to make the Ukrainian government more transparent.
In particular, she noted that blockchain can “reliably protect” state ledgers from unauthorized access, increase their transparency and “reduce corruption among state entities that oversee them.”
“Together with experts, we are examining the international experience of using blockchain at the state level and developing our own strategy to implement web3 technologies in Ukraine.”
Yulia Parkhomenko, Ministry of Digital Transformation of Ukraine
As Russia continues its offensive against Ukraine, Parkhomenko pointed out that the country is already using blockchain technology in “documenting Russian war crimes” with the help of Dokaz.
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This project helps prosecutors secure vulnerable digital documents. The product was developed by Starling Lab and supported by the FTX Foundation and the Filecoin Foundation.
Ukraine is not the first country to try to find a silver bullet for this problem.
As crypto.news reported, Puerto Rico lawmakers also looked at distributed ledgers in late 2021, in an effort to bring more accountability and transparency to the public sector. It is unclear whether the administration has made any progress since then, as the FBI arrested Wanda Vázquez, a former governor of Puerto Rico, in August 2022 on charges of taking bribes from a campaign donor while in office.
Read more: WEF article highlights how blockchain can help tackle corruption