The uses of the blockchain smart contracts to reduce the levels of corruption: some preliminary thoughts

The increasing demands for more transparency in public administration worldwide ask for open data, and the establishing of other mechanisms as well as keep using the contributions of new technologies to increment the management capacity, focusing on better controls and governance mechanisms. One of the new technologies that presents potential to be used to protect organizations from corruption is Blockchain. An important point when dealing with corruption perpetrated by frauds is the use of technology to avoid wrongdoing or to reduce its impact. Contracts are a very complex subject provided they are the main way governments transfer money to other organizations, including private ones. This document presents a study proposal about the use of Smart Contracts technology in Blockchain environments as a way to face corruption in governmental instances. Smart Contracts can be used to all government payments as a way to increase transactions transparency, as well as to avoid overbilling, provided that contracts and bids are typical ways to exert frauds and money misappropriation. As future researches it is important to verify barriers to Blockchain adoption as well as its main vulnerabilities.