Cryptocurrencies

Blockchain-based hackathon to fight corruption – Cryptocurrencies

On the sidelines of the International Anti-Corruption Day, UNODC – United Nations Office Against Drugs and Crime organized, in partnership with Celo, a hackathon in order to encourage blockchain developers in Africa to l ‘Is to build applications capable of facilitating the fight against corruption.


Six weeks to develop a solution

The activity aimed to provide solutions in several sectors. The most prominent were that of public procurement, international cooperation, the protection of whistleblowers and investigations related to finance.

This ties in with the objectives of UNODC. Indeed, one of its roles is tosupport member countries in their efforts to fight corruption.

There were a total of 143 participants with the challenge of presenting turnkey solutions in a record time of six weeks. At the end of the marathon, eight teams were selected. An awards ceremony followed.

Winners for what solutions?

As we said above, the objective of the activity was to obtain real solutions of Blockchain-based applications. And the results were not lacking.

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

This is the case of Planet Shakers (contest winner). The Ugandan team was rewarded for developing a solution allowing the anonymous filing of complaints. Keeping the identity of the depositor a secret guarantees him protection against possible reprisals. This can lead to more people letting fearless complaints in the gut.

The Ugandan is not the only one to have received the award. Seven other teams were thanked for the solutions presented. This is the case of Team Sentinel who presented a tool to anonymize donations to activists. The latter are often excluded from the banking circuit.

Team Citizen has, meanwhile, implemented a solution on Celo that could be used by governments. The tool allows funds to be sent transparently to the project executor and to keep an eye on all their transactions. The transparency of transactions makes the audit easier, which is good for the fight against the laundering of public funds.

Other solutions that we will not go into detail have been presented. This is the case of a system designed to bring more transparency in procurement procedures in order to limit fraud, of an infrastructure consisting in distributing humanitarian aid directly to beneficiaries by means of airdrops, etc. .

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

Bullshit or real solutions? It is difficult to take a position. Only the implementation of these projects will tell us more. Regardless, these kinds of initiatives demonstrate that there is a growing interest in blockchain which is seen by all as a practical tool for disintermediating trust.

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