Puerto Rico, Caribbean island and an unincorporated territory of the USA – is one of the most corrupt nations around the globe. At the same time, a big chunk of locals live below the poverty line. Extortion there is common not only among the general population but also on the higher levels.
A few days back, the mayor of the municipality of Cataño pleaded guilty to accepting over $100,000 in bribes and luxury watches in exchange for millions in municipal contracts.
In a recent interview for Bloomberg, Rafael “Tatito” Hernández said he will begin meeting with experts from the blockchain sector and discuss creating “smart contracts.” According to him, the transparency behind the technology could enhance Puerto Rico’s financial network and even reduce the level of corruption.
In a similar vein, Government of Gibraltar has today announced that it will begin a process by which it will integrate blockchain technology into its legacy systems in order to streamline government processes. It is envisioned that the implementation, which will initially be rolled out on a pilot basis, will improve the delivery of public services to individuals and organisations residing or operating in Gibraltar.
The proposed blockchain solution will build upon and enhance the functionality of Gibraltar’s eGov system, with the focus of the initial phase being to enable users to store government-issued and certified credentials. The pilot integration project will be delivered by HM Government of Gibraltar who have been working closely in partnership with two firms. Bitso, a Gibraltar licensed crypto currency platform, and IOVlabs, the team behind the RSK blockchain. Both firms have long supported and deeply contributed to Gibraltar’s work in the DLT sector. Government has developed a close working relationship with these firms over time and values their counsel.
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