Blockchain Technology as an Instrument for Corruption Risks Minimization in the Principal-Agent Model

Student: Prodanov Dmitriy

Supervisor: Elena Panfilova

Educational Programme: Political Science (Bachelor)

Final Grade: 7

Year of Graduation: 2017

Corruption being the reason of principal-agent problem can be eliminated by introduction of blockchain technology into the system of interconnection between principal and agent. The results are obtained by exploring both theoretical framework of agent theory and it’s practical applications, and blockchain technology and its latest implementation in Estonia, Georgia and Sweden. The results of this research lend support to the two hypotheses tested: 1) implementation of blockchain technology can contribute to resolving corruption related problems of principal-agent model and minimize the level of corruption connected with interactions between citizens and governmental bureaucratic structures; 2) blockchain technology can increase level of public trust in political institutions.

Full text (added May 22, 2017)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses