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Blockchain technology as a panacea for procurement corruption in digital era

  • International Journal of Research in Business and Social Science (2147-4478)
  • Ümit Hacıoğlu
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Öz

Corruption in public institutions is a significant problem that stifles economic, social and environmental development worldwide. This predominates when there is a lack of transparency, inadequate record-keeping, and low public accountability. Accordingly, the questions this paper intends to provide answers to are two-fold. Firstly, what are the recurring patterns of procurement corruption in the South Africa (SA) public sector? Secondly, how can digital technology deployment assist in checking this trend? The desktop method was adopted through literature examination of studies relating to corruption, procurement, blockchain and digitization. We conclude by proposing a model/framework for adopting and using blockchain technology in public institutions to minimise corruption and the time taken for contract document preparation and acceptance. This study contributed to knowledge by evaluating the issues associated with public procurement and how blockchain and digitization can be adopted to help stern the tide of corruption in public institutions.

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Publication details

DOI
10.20525/ijrbs.v10i4.1222
OpenAlex
W3168274891
Document type
article
Language
EN
Source
International Journal of Research in Business and Social Science (2147-4478)
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