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The BBA / The British Blockchain Association
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2025-01-20 14:48:11

The BBA on Nostr: 🚨Procurement Fraud costs the UK Economy a whopping £127 billion every year - ...

🚨Procurement Fraud costs the UK Economy a whopping £127 billion every year - equating to more than £4,000 lost per second, every day.

🚨 According to the United Nations data, the global cost of procurement fraud adds up to a staggering £1.8 trillion to £6.2 trillion annually - this means vital services are never delivered, critical infrastructure is never built, and people's lives and well-being are at risk.

📍The Blockchain can mitigate public procurement fraud, build transparency, and improve integrity between Government and enterprise procurement processes.

✍🏽 Research from the JBBA.

Read more: https://www.linkedin.com/posts/britishblockchain_procurement-fraud-blockchain-activity-7287084639020613633-TQLY

#JBBA #Procurement #Fraud #Blockchain #PublicServices #UK #Economy












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