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Blockchain technology as a panacea for procurement corruption in digital era

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  • Oyebanjo Ogunlela

    (Research Fellow(s),Department of Public Administration & Governance, Cape Peninsula University of Technology, Corner of Hanover and Tennant Street, Room E3.57, 3rd Floor, Engineering Building, District Six Campus, Cape Town. South Africa)

  • Ojugbele Olabode

    (Research Fellow(s),Department of Public Administration & Governance, Cape Peninsula University of Technology, Corner of Hanover and Tennant Street, Room E3.57, 3rd Floor, Engineering Building, District Six Campus, Cape Town. South Africa)

  • Tengeh Robertson

    (Head of Department, Public Administration & Governance, Cape Peninsula University of Technology, Corner of Hanover and Tennant Street, Room E3.57, 3rd Floor, Engineering Building, District Six Campus, Cape Town. South Africa)

Abstract

Corruption in public institutions is a significant problem that stifles economic, social and environmental development worldwide. This predominates when there is a lack of transparency, inadequate record-keeping, and low public accountability. Accordingly, the questions this paper intends to provide answers to are two-fold. Firstly, what are the recurring patterns of procurement corruption in the South Africa (SA) public sector? Secondly, how can digital technology deployment assist in checking this trend? The desktop method was adopted through literature examination of studies relating to corruption, procurement, blockchain and digitization. We conclude by proposing a model/framework for adopting and using blockchain technology in public institutions to minimise corruption and the time taken for contract document preparation and acceptance. This study contributed to knowledge by evaluating the issues associated with public procurement and how blockchain and digitization can be adopted to help stern the tide of corruption in public institutions. Key Words: Public Procurement, Corruption, Digitization, Blockchain, South Africa

Suggested Citation

  • Oyebanjo Ogunlela & Ojugbele Olabode & Tengeh Robertson, 2021. "Blockchain technology as a panacea for procurement corruption in digital era," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(4), pages 311-320, June.
    • Handle: RePEc:rbs:ijbrss:v:10:y:2021:i:4:p:311-320
    DOI: 10.20525/ijrbs.v10i4.1222
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    References listed on IDEAS

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    1. Michel Rauchs & Garrick Hileman, 2010. "Global Blockchain Benchmarking Study," Cambridge Centre for Alternative Finance Reports 201009-gbbs, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge.
    2. Michel Rauchs & Andrew Glidden & Brian Gordon & Gina Pieters & Martino Recanatini & Francois Rostand & Kathryn Vagneur & Bryan Zhang, 2018. "Distributed Ledger Technology Systems. A Conceptual Framework," Cambridge Centre for Alternative Finance Reports 201810-dlts, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge.
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