At first, I thought it was a mistake, because $100 billion is really huge money - and besides, it all happened in a country that should have mechanisms to prevent such huge misuse of money. I don't think this is something that can be done without the cooperation of both sides - I mean criminals and those who lead the whole operation by the government. Politicians often use the services of the criminal underworld to obtain financial benefits, and given the level of this crime, there is no doubt that all of them include some large fish from the political spectrum.
I wonder if state finances utilizing a blockchain based, public ledger, could cut down on rampant fraud and abuse of state revenues.
Perhaps it would be worthwhile to found a blockchain financial movement towards greater transparency and accountability of how public funds are allocated and distributed?
Would blockchain's unique features be well suited towards fulfilling such a role? Is there a better format or structure for curbing fraud and abuse on this scale.
What say you, forum?
I think that it is not in their interest at all to make a transparent system, which is more than obvious from every financial scandal that arises from time to time. Corruption, bribery and all other forms of crime exist only because no government wants to take them seriously, or rather because they are part of that system. Crime has simply become an ingrained part of the system and that’s a fact - like it or not.