Corruption

The talent acquisition and retention process have always been tedious, expensive, inconveniencing and opaque to job-seekers, employees and employers. However, blockchain’s Distributed Ledger Technology (DLT) features of transparency, urgency, decentralization, immutability and security seems to present a better experience for the industry.

The President of Brazil, Jair Bolsonaro, revealed on his Twitter account on Monday, January 7, 2019, that the government is gathering info from the National Bank for Economic & Social Development (BNDES) and other relevant government agencies, and further said that several contracts have been crushed and will soon be revealed.

The executive body of the Irish Government – the Cabinet, officially approved a bill giving effect to the EU Fifth Anti-Money Laundering (AML) Directive, according to a Thursday, January 3, 2019 report by the Irish Times.

The president of Tanzania, East Africa, John Pombe Magufuli is one of the world leaders trying to fight corruption from all government institutions. He made a surprise visit to the Ministry of Finance the first day he was sworn in as the president, that brought confidence in public towards the war against ‘cancer’ corruption.

Yulia Tymoshenko, ex-Prime Minister of Ukraine and aspirant for the presidential chair at next year’s elections, has suggested a persuasive way to help conquer corruption in the country. According to her point of view, blockchain technology is the perfect candidate for this role.

Republic of Colombia is embracing the Blockchain technology and cryptocurrency industry, with Ivan Duque, a newly elected President promising to reduce taxes for the sector.

Crypto continues to garner a lot of interest in South Africa (S.A), particularly taking into account the recent news of government corruption and land expropriation. Citizens are comprehensively worried about the future of the country's economy and are searching for alternative means to store wealth.

A semi-professional team in Gibraltar, an overseas territory of the United Kingdom at the southern end of Iberia, will become the world's first ever team to pay their athletes in part with crypto in the 2018/2019 season in a move proclaimed by the Pablo Dana, the club's owner and a great investor in crypto Quantocoin.

Improper management of identity is a fundamental reason for a lot of problems encountered in the finetech and identity management industry as a whole. This includes but is not limited to issues such as corruption, fraud, theft and several forms of graft. This weakness is exploited by taking advantage of other reasons such as system inefficiencies and deliberate dishonest human interference for personal or organisational gains.