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The American software company Autodesk CEO Andrew Anagnost said that blockchain could fight corruption in the construction, finance and investment sectors, the Australian Financial Review reported on 19 November.
Founded in 1982, Autodesk produces software for construction, architecture, media and the entertainment industry. In 2018, company revenues were $ 2.06 billion.
Speaking at the Autodesk University 2018 conference in Las Vegas, Anagnost claimed that blockchain technology could eliminate corruption in the construction industry, as well as provide more confidence in the field. The financial review quotes Anagnost:
"What is blockchain? It is a distributed and reliable ledger that can not be altered and allows traceability and accountability – technology like that in an environment like construction where the various people involved in the process do not trust one of the other will find an application. "
While the CEO believes in blockchain's ability to improve traceability and bring transparency to the industry, Autodesk has not yet introduced blockchain-based products. However, Anagnost claimed that the company considered blockchain as part of their future developments, saying "we simply do not have a point of view that we have publicly stated".
According to Financial Review, Autodesk worked on its non-blockchain digital escrow system designed to improve confidence in the construction industry. Addressing the problem of corruption, Anagnost reported that "it makes it very difficult to track who is responsible for what, so one of the big technological problems we have to solve is to make sure that it is not optional to provide traceability and responsibility", adding:
"… corruption in the construction industry is not uncommon: when people pay hundreds of millions of dollars for large projects, something always happens somewhere that's not right. or money inappropriately. "
Companies and governments globally have considered implementing blockchain technology in the fight against corruption and tax evasion. Spain has actively fought corruption by modifying its anti-corruption laws and developing solutions of blockchain and artificial intelligence (AI). For Spanish regulators, blockchain can be used as a preventive measure against corruption.
In China, the tax authorities of the city of Shenzhen and a state-owned aerospace enterprise turned to the blockchain for immutable and transparent record keeping in order to combat paperback corruption. The organizations have introduced electronic invoices with blockchains, which presumably allow the issuing of authenticated and "credible" invoices, traceable circulation and efficient and economic supervision of the tax authorities.
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