# kaal:claim:3396522-017

**Claim.** Conducting commerce on public blockchains counteracts corruption because every transaction becomes publicly visible and traceable to both consumers and the government, removing the untraceability that corrupt dealing requires.

**Type.** mechanism  **Support.** argued

**Holds when.**

- requires use of public rather than permissioned blockchains

**Source quote.**

> The transparency and traceability of public blockchain transactions in business and commerce counteracts corruption. Using public blockchains in commerce makes every and all transactions publicly visible and traceable for consumers and the government alike.

**From.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, *Stable Cryptocurrencies* (2019), IV. Stable Cryptocurrencies, 4. Counteracting Corruption, page 31

**Cite as.** Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

**Verify.** sha256 of source PDF `ef5031b16aa53476ed618f0bdf92601cd4affb893692c701134bd9cba3ea8acf` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies.pdf

**Topics.** disclosure, blockchain

**Keywords.** corruption, transparency, traceability, public-blockchain, commerce

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/3782214-013

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3709041-037

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.