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 a team of university graduates initiated the project in September last year after their design won the contest to use blockchain technology to improve 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.
This will certainly help Mexico, which recently faced 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.
Reports show that the government will make the technical details of the project public soon, as it plans to implement the project first at the local and state levels.
