In 2017, we began exploring the potential of blockchain technology to improve transparency levels, facilitate audits, strengthen accountability and regain trust in Latin American governments. Latin America has the highest rates of corruption, the lowest level of trust in public institutions, and a continuously growing indifference from citizens to democratic regimes.
Ten years after blockchain’s emergence, its promise is far from being fulfilled.
On the other hand, the irruption of blockchain in 2009 promised a revolution for the economy as we know it, eliminating intermediaries and lowering transaction costs between people and organizations. In other words, blockchain implied the reinvention