Neural blockchain technology for a new anticorruption token: Towards a novel governance model

Abstract

Blockchain technology currently represents a great opportunity for e-government in general and for public procurement in particular, given their financial implications and potential political and social risks. Blockchain technology facilitates the procedures and processes of administrative records via smart contracts because of properties such as timeproof sealing and data record immutability. In the present paper, we present a truthfulness governance approach which uses a permissioned model based on neural blockchain technology and smart contracts to create blocks within which all information is held in an on-chain consensus system to avoid corruption in the field of public procurement. Our proposal represents a scalable, efficient, innovative solution that is aligned with Sustainable Development Goal requirements and constitutes a ‘Decentralized Autonomous Organization’ in itself. Our model highlights the benefits of blockchain technology in terms of transparency, immutability, security, inclusiveness and disintermediation in order to create new anticorruption policies and technical solutions.