In the article Guinea-Bissau is Using Blockchain to Boost Fiscal Transparency IMF reports that the country as part of an IMF program in May 2024 launched a blockchain platform. The government was assisted by Big 4 accounting firm EY, that calls itself a builder of a better world.

According to the interviewed representative of the Guinea-Bissau government:

The platform offers a secure, transparent digital ledger for managing the public service’s wage bill data, enabling almost real-time monitoring of salary and pensions eligibility, budgeting, payment approvals, and salary and pensions disbursements. It significantly improves data integrity and supports the production of timely and accurate fiscal reports for use by policymakers and the public.

The platform will be used for AI analysis:

While the solution isn’t currently integrated with AI models, it has the necessary data to train predictive AI models to forecast key insights for decision making, such as estimating wrongful or misdirected payments. The advent of generative AI may lead to further advancement in the future related to data analysis and other areas

It should ensure that crime is eliminated:

More broadly, the initiative will help increase accountability and reduce any perception of public corruption, and in turn help build trust in fiscal institutions. By improving and automating salary management, it will make government operations more efficient. And by identifying inconsistencies in salary information, it will raise alerts for potential fraud.

This programme is testing in Guinea-Bissau what may soon be rolled out in the west.