Smart Contracts for Creating an Accountable and Transparent Transactions to Reduce Corruption

EasyChair Preprint 9602

Abstract

Corruption is widely spread and not easy to avoid. Blockchain-based smart contract technology enables the opportunity to develop transactions in such a way that corruption should not be possible. In this paper, we develop and evaluate an arrangement based on blockchain-based smart contracts to avoid and reduce corruption. Smart contracts are used for buying and selling goods, in which the public must agree that the goods arrived and are used to contribute to the creation of societal value. Only then will the supplier be paid. Al transaction data is stored in a blockchain and opened to the public. In this way, the price of the good can be inspected to avoid unfair prices. The smart contract avoids the likelihood that corruption happen, and if it happens that it can be spotted.

Keyphrases: Blockchain, Corruption, accountable, smart contracts, transparency

@booklet{EasyChair:9602,
  author    = {Darusalam Darusalam and Marijn Janssen and Jamaliah Said and Normah Omar and Muhammad Indra Saputra},
  title     = {Smart Contracts for Creating an Accountable and Transparent Transactions to Reduce Corruption},
  howpublished = {EasyChair Preprint 9602},
  year      = {EasyChair, 2023}}