Blockchain Technology for India’s Secure and Transparent Future

A working example of this can be found in the Georgian government, where technology has been seamlessly incorporated into the existing software for land titling by making changes only in the backend.

Consequently, any input made by the citizens can be executed by blockchain by further executing a specific smart contract to carry out the necessary action.

This has helped in expediting the system, since the operation can be carried out by the citizens themselves without visiting the office. The part of the software which was being used by the citizens has been left untouched. Additionally, a strong and clean audit trail provides transparency.

A major concern that citizens across the globe share is that of corruption. Most of the corruption takes place during public procurement and bidding of government orders.

The primary reason for this is that the process is often kept under wraps and manual book-keeping of these records are manipulated easily. This creates an urgency to replace the existing system with a process which is more transparent and is immune to manipulation.

This is possible by incorporating a blockchain-based platform which bridges the gap between vendors and the government and also provides for enhanced accountability by concurrent oversight over operations.

A similar set up was adopted by the Colombian Inspector General’s Office and the Inter-American Development Bank, wherein they created a public, permission-less Ethereum- based block chain procurement system.

The system enabled vendors and tenders to conduct the vendor bidding, while also allowing third parties such as journalists and citizens to monitor and flag risky activities in real time.

The software included several automated features such as minimum bidding and automatic “red flags” to alert the Colombian Inspector General’s Office regarding a potentially corrupt activity.

This instance is a practical example of how technology can increase accountability, create a system of checks and balances and strengthen the fabric of democracy.