The blockchain technology has grabbed the attention of industry player across different field due to its ability to securely store transactions records and maintain transparency simultaneously. According to reports, Mexican authorities are secretly working on a project to track public contracts using the blockchain technology.
While speaking during a tech conference in Jalisco, Yolanda Martinez – Mexico’s national digital strategy coordinator talked about Blockchain HACKMX project. She said that the project has been initiated in September last year by a team of university graduates whose design won the contest for the use of blockchain technology in improving public services.
In a tweet, Martinez wrote: “With blockchain applied to public contracts we’ll be able to know whether a company that provides services to the government is trustworthy.”
A local publication Debate writes that Martinez addressed the attendees by saying that blockchain technology helps to bring transparency in the process thereby eliminating the corruptible human element. She also said that blockchain allows storing verifiable public records for the bidding process which cannot be tempered thereby allowing for transparent audit processes.
This will certainly help Mexico which has been recently embroiled in multiple issues of public contract corruption.
A presentation of the Blockchain HACKMX is available on the UN website which suggests that computers participating in this blockchain network could run by a mix of private companies, universities, government offices and civil society groups.
Not much technical details of the project are available for the moment but reports show that it will be made public as the government is willing to implement it at the local and state level first.
