“…De Souza, Luciano and Wiedenhöft (2018), however, emphasize that blockchain is publicly accessible and that the parties to the contract can have equal access to information, which reduces the information asymmetry, thus making the scope for corruption smaller. Other authors (e.g., Deshwal, Singh Kaurav and Thakur, 2019; Mackey and Cuomo, 2020;Berg, Markey-Towler and Novak, 2020;Sladič et al, 2021) describe different ways how blockchain technology can be used as a tool for transparency and a mean to fight corruption in developing countries -namely, 1. the impossibility of encrypting servers at the same time, which reduces the risk of illegal attack; 2. the ability to detect and prevent fraud in the procurement process; 3. the fact that smart contracts based on blockchain are self-enforcing -in their pure form (that is, where all triggers and conditions of the contract are managed on-chain) they do not need any external authority to enforce or otherwise manage disputes; and 4. blockchain allows for transactions to be recorded in an immutable and tamper-proof manner.…”