Using cryptography and distributed consensus mechanisms, blockchain provides the unique combination of permanent and tamper-evident record-keeping, transaction transparency and auditability, automated functions with “smart contracts”, and the reduction of centralized authority and information ownership within processes. These properties make blockchain a high potential emerging technology to address corruption. The project chose to focus on the public procurement process
because it constitutes one of the largest sites of corruption globally, stands to benefit from these technology properties and plays a significant role in serving public interest.