Source: CoinGeek

CoinGeek reports on Malaysia’s new initiative to combat corruption using blockchain and AI technologies. The government is implementing blockchain-based systems to enhance transparency in public procurement processes and leveraging AI algorithms to detect suspicious financial activities and irregularities in government spending.

Legal experts view this move as a significant step toward modernizing Malaysia’s anti-corruption framework. Blockchain provides immutable records, ensuring accountability, while AI helps flag potentially corrupt practices in real time. However, concerns remain over data privacy, the accuracy of AI algorithms, and the risk of misuse.

The article also highlights the need for comprehensive legal frameworks to regulate the use of AI and blockchain in governance, focusing on transparency, accountability, and citizen data protection. If successful, Malaysia’s approach could serve as a model for other countries seeking to integrate emerging technologies in anti-corruption efforts.