Bolivia’s new president backs blockchain to tackle government corruption
Bolivian President-elect Rodrigo Paz plans to use blockchain for public procurement and include crypto in asset declarations for a new fund.
Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology.
The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages and a US dollar squeeze, according to the AP.
For crypto observers, Paz’s government plan includes two concrete proposals related to digital assets and blockchain.
The first is a plan to use blockchain and smart contracts in public procurement. The Partido Demócrata Cristiano’s official 2025 government platform program pledges the application of blockchain technologies and the use of smart contracts to remove discretion from state purchasing. The proposal aims to tackle corruption in state purchasing by automating some contract processes.