Blockchain Becomes Focal Point For Ex Prime Minister Of Ukraine Who Wants To Beat Corruption


Yulia Tymoshenko Former Ukrainian Prime Minister Aims At Tackling Corruption Using Blockchain

Ukraine could find a way to solve is corruption problems using blockchain technology. Yulia Tymoshenko, the former prime minister of Ukraine, wants to use blockchain technology and tackle corruption. The information was released on Facebook on December 9, in the middle of a presidential campaign.

The decision to post this was related to the International Anti-Corruption Day. She mentioned that Ukraine is experiencing a situation of ‘total corruption.’ At the same time, the party that she leads is trying to fight against bribery, a very serious issue in the Eastern European country.

Blockchain technology, an immutable and decentralized ledger could help solve one of the most important issues that Ukraine is currently facing. For example, she mentioned that so as to prevent corruption cases in the public administration, national registries should be completely stored on the blockchain.

However, this is not the first time that she defends and supports the use of distributed ledger technology (DLT) to fight against corruption. During a forum in Kiev, she said that blockchain has been proven to be a good tool against corruption.

She commented on this issue:

“Blockchain is a perfect anti-corruption technology, which is proven by international practice. In order to completely eliminate corruption in public registries and to protect each citizen’s personal data, we have to transfer all administration systems to blockchain.”

Ukraine will have elections in 2019, something that is very important for a country. Ukraine is living in a local political turmoil with the Eastern Regions and their independence ideas, and a clear threat from Russia taking Crimea a few years ago.

These political and strategical issues are playing an important role in the future of the country. The economy is also not prospering as many would have expected, with inflationary rates that are higher than what a healthy economy needs. This is also one of the reasons why the government was considering issuing a local cryptocurrency called as e-hryvnia.

In Argentina, Cordoba’s Province has also taken the decision to use blockchain technology, reduce bureaucracy and enhance public records to avoid corruption cases.

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