Yes, the decentralized nature of blockchain allows everyone to know, track and allow everyone to realize who the owner is, how many and where it is placed. With blockchain, there will also be no more changes unless based on a majority agreement.
That way, blockchain technology becomes a new initiative to break the chain of corruption in the world.
"Blockchain has the potential to be a killer application for corruption," said Tomicah Tillemann, director of the Bretton Woods II Initiative in New America, a Washington, D.C. based think tank. which bridges the gap between technology and policy as published by Forbes.
With the support of blockchain technology, public aspirations to bring about more transparent, accountable, effective and efficient and safe governance are more likely to be achieved. Cases of mismanagement of public funds are very likely to be prevented when the APBN and APBD and other finances are managed with the support of blockchain technology.
Processes that are complicated and require a long time with blockchain technology support do not happen again because all are validated, audible, and safe stored in a format that cannot be deleted. Allocation, budget absorption and post budget location can be easily known.