Blockchain Technology Utilization in Improving Transparency of Regional Revenue Budget Allocation

Wahyu Aditia Rawul

Abstract

The use of blockchain technology to manage the allocation of Regional Revenue and Expenditure Budget (APBD) is a strategic step to increase transparency and accountability in the government sector. This technology offers a decentralized approach that allows permanent, transparent, and unchangeable transaction recording without consensus from all related parties. This study aimed to evaluate the impact of blockchain technology implementation on efficiency, accuracy, and public participation in regional financial supervision. The research methodology used in this study is a descriptive qualitative methodology with an approach based on case studies and literature reviews, to identify and analyze the use of blockchain technology in increasing transparency in regional revenue budget allocations. The results of this study show that blockchain can provide solutions to traditional problems in APBD management, such as data manipulation and budget misuse, by providing a digital recording system that can be audited in real time by the public. With the integration of smart contracts, budget allocation can be automated based on predetermined requirements, thereby increasing public trust in the financial management of regional governments.

Keywords

Blockchain; Transparency; Budget; Accountability; Governance; Smart Contract; Decentralization; Technology.

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References

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DOI: https://doi.org/10.20961/sp.v20i1.98362

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