Colombian Government and WEF Weigh Public Ethereum in Bid to Fight Corruption - CoinDesk

in hive-116221 •  4 years ago 

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"The World Economic Forum (WEF) partnered with the Government of Colombia to develop a proof-of-concept (PoC) using the Ethereum public blockchain."

The project aims to implement a high degree of transparency for procurement corruption that occurs during the bidding process for high-value contracts.  Ashley Lannquist, WEF's Project Lead for Blockchain and Digital Currency said that The strongest indication of value is that records are not erased, and most vendors' bids are not rejected from Ethereum blockchain.



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