Blockchain can reduce fraud and corruption from "summary" of Blockchain Revolution by Don Tapscott,Alex Tapscott
Blockchain technology has the potential to significantly reduce fraud and corruption. This is because of the fundamental characteristics of a blockchain - transparency, immutability, and security. By its nature, a blockchain is a distributed ledger that is accessible to all participants in a network. This means that every transaction is recorded and verified by multiple parties, making it nearly impossible to alter or manipulate data without detection. Because of this transparency, any discrepancies or attempts at fraud can be quickly identified and rectified. In traditional systems, records can be altered or tampered with, leading to fraudulent activities going unnoticed...
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