BLOCKCHAIN AS A MECHANISM OF ANTI-CORRUPTION CONTROL IN PUBLIC FINANCE: INTERNATIONAL EXPERIENCE AND PROSPECTS FOR UKRAINE
Abstract
The article explores the potential of blockchain technology as a tool for improving transparency and building effective anti-corruption mechanisms in public finance within the context of digital governance reform and public sector modernization. The study examines international practices of implementing decentralized ledgers in public procurement systems, budget monitoring platforms, and large-scale financial auditing frameworks, highlighting their role in ensuring accountability and reducing risks of data manipulation. The analysis emphasizes the main advantages of blockchain: immutability and traceability of records, independent verification of transactions, and significant reduction of human interference in critical decision-making processes, which together strengthen institutional trust and improve the integrity of managing public resources. The research reviews successful implementation cases from the European Union, the United States, Singapore, and several Asian economies to identify technological architectures and regulatory approaches adaptable to the Ukrainian context. Based on this comparative study, the paper formulates recommendations for integrating blockchain into Ukraine's public finance management system to enhance operational efficiency, reinforce institutional capacity, and align national standards with internationally recognized principles of open governance and transparency. Additionally, the article outlines long-term prospects for incorporating blockchain as a core component of a comprehensive digital ecosystem for anti-corruption governance, emphasizing interoperability with existing e-government platforms, open data infrastructures, and emerging GovTech solutions. By addressing both technological and regulatory aspects, the study contributes to developing a systemic, data-driven framework for combating corruption, fostering public trust, and ensuring sustainable and transparent management of state financial resources in a rapidly evolving digital economy.
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