The Role of Blockchain Technologies in Combating Corruption within the Virtual Assets Realm

The utilisation of blockchain technology can greatly hinder the

perpetration of corrupt deeds owing to its data immutability and transparency. The

purpose of the study is to assess the impact of blockchain integration on reducing

corruption risks in the realm of virtual assets. It was found that since the

introduction of blockchain, Estonia has almost doubled the ranking of countries in

anti-corruption. According to the study, the volume of illegal cryptocurrency

transactions continues to grow, requiring financial systems to adapt to new

challenges. The prospect of further research should be based on strengthening

financial security. The scientific novelty lies in the recognition of blockchain

technologies’ potential as a tool for ensuring transparency and information

inviolability within the virtual assets realm. The practical value of the study lies in

developing recommendations for integrating blockchain technologies into virtual

assets’ control and audit, which will contribute to enhancing the effectiveness of

anti-corruption measures