Blockchain Technology and Anti-corruption Measures in the Setting of Public Administration in Nigeria.
Publication Date: 17/10/2024
Author(s): Oladipupo AbdulMalik Olalekan.
Volume/Issue: Volume 7 , Issue 3 (2024)
Abstract:
This paper analyzes the junction between blockchain technology and anti-corruption measures in the setting of public administration in Nigeria. The research is inspired by the continuous difficulties of corruption within the space of Public Administration in Nigeria and the rise of blockchain technology as a possible technical solution. The theoretical framework gives a foundation for comprehending corruption within public administration, offering a basis for quantifying its effect. An analysis of existing anti-corruption efforts in Nigeria sets the foundation for analyzing the strengths and limits of present techniques. The literature critically evaluates worldwide trends and case studies linked with the use of Blockchain technology in public administration and public service delivery. This section goes into the possible advantages and hazards connected with employing blockchain technology to fight corruption. Drawing on theoretical and practical insights, the study attempts to give a complete understanding of the revolutionary potential of Blockchain technology within the Nigerian environment. Analysis is given via an examination of perceptions of corruption in public administration in Nigeria and an evaluation of the efficacy of existing anti-corruption efforts. The research also explores the knowledge of Blockchain technology and its potential for anti-corruption applications, addressing problems and impediments to adoption. An in-depth examination of the possible effect of Blockchain technology on transparency, accountability, and efficiency is undertaken, considering the legal and regulatory context for Blockchain technology adoption in Nigeria. The discussion and suggestions section formulates solutions for resolving concerns and managing dangers related with Blockchain technology -based anti-corruption tools. Policy and legal frameworks are suggested to facilitate safe and transparent Blockchain technology transactions within the area of public administration. Emphasis is made on institutional capacity development and public awareness activities to promote a complete grasp of Blockchain technology and its anti-corruption applications. The study finishes by summarizing significant results, detailing implications for policy and practice, and adding to the current discourse on transparency and accountability in public administration via the creative lens of Blockchain technology.
Keywords:
Blockchain Technology, Bitcoin, Public Administration, Corruption, Nigeria.