Victor de Aldama's statements before the National Court have sparked a political storm by linking the PSOE to a network of illegal financing. The businessman provides documents and emails that, according to his defense, demonstrate irregular payments in exchange for public contracts during the pandemic. The executive denies the accusations, but the opposition is already demanding explanations in Congress.
Blockchain and transparency: the technology that could have prevented the scandal 🔗
The traceability of public funds could have been guaranteed through distributed ledger systems like blockchain. Implementing an immutable record of transactions in public procurement would have left a verifiable digital footprint for each payment, preventing unauthorized diversions. Tools such as smart contracts automate the release of funds only after meeting verifiable milestones. However, the administration continues to rely on opaque processes and paper, facilitating practices that are now coming to light.
The algorithm of financing: when code is cleaner than politics 💻
While engineers refine algorithms to ensure everything is transparent, some politicians prefer the traditional method of envelopes and fake invoices. If we applied the logic of a smart contract to party financing, the system would reject any unauthorized transaction. But of course, then there would be no room for those extraordinary revenues that certain treasurers so enjoy. In the end, technology advances faster than the ethics of some.