Post
Topic
Board Economics
Re: Do you think that bitcoin can reduce corruption?
by
KwizatzHaderach
on 16/01/2018, 15:51:44 UTC
Not necessarily bitcoin, as of now bitcoin is not a reliable p2p transaction channel due to atrocious fees.
It will be quite hard to also trace the movement of money in the crypto space. There are several privacy coins that can make it impossible to trace txns.

I think using blockchain tech innovatively can help reduce corruption by lessening red tape and making some processes automatic and with no human intervention (like sending funds to those that need it and are poor).