The Role of Block Chain Technology in Reducing Corruption Within the Local Governance in Egypt

One of the most challenging issues facing municipal governments is corruption. Numerous studies, reports, and analyses highlight the fact that since corruption is by definition hidden from the public’s perspective, increasing the transparency and scrutiny of governmental acts can help prevent corruption. Therefore, increasing the transparency of government operations and decision-making should be the ultimate goal of an anticorruption campaign inside a democratic system. In the framework of local governance, we must strengthen the current audit mode, increase accountability effectiveness, further anticipate the trend of covert corruption, identify the traits of corruption as soon as feasible, and promptly regulate the corruption behaviors. The study’s findings indicate that the more local executives have authority, the less transparent the information is, the less reliable the monitoring system is, and the more likely it is for covert corruption to proliferate. Only by enhancing audit mode, ensuring data quality, increasing audit efficiency, and reducing audit risk using blockchain technology can the corruption of executives of state-owned companies be effectively stopped.