Blockchain technology as a panacea for procurement corruption in digital era

Oyebanjo Ogunlela, Ojugbele Olabode and Robertson Tengeh
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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

International Journal of Research in Business and Social Science (2147-4478), 2021, vol. 10, issue 4, 311-320

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

Date: 2021
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