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  • Foreign Policy Magazine

    Break Corruption With Bitcoin’s Backbone

    Jan 22, 2018 3 minutes
    BY TOMICAH TILLEMANN

    Corruption, according to the United Nations, is a $3.6 trillion industry— and business is booming. The U.N. estimates that money stolen or paid in bribes each year now tops 5 percent of global GDP. Fortunately, these abysmal statistics may be poised for a turnaround thanks to a transformational new technology: blockchain.

    Originally invented to power digital currencies such as bitcoin, blockchain allows users to transfer assets or anything of value directly

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