S137: Can Web3 Stop Corruption?

TECHNOLOGY SERIES | 27 - SEPTEMBER - 2025

TECHNOLOGY SERIES

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What new thing did you learn this week?

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NEWS

1. Charlie

Can Web3 stop corruption?

In the last series, we had an interesting conversation specifically about the current market situation and how we can still give chase when necessary.

But today is different. This Web3 we are talking about, how complete is it? How effective is it?

We live in a world & a country where corruption eats deep into systems, something very obvious in our public offices to private contracts, from bribes and ghost workers and nepotism to "I get leg" or "Your leg is long."

But Web3 promises transparency, decentralization, and accountability. So… is Web3 the antidote? Or just another tech buzzword?”

QUESTION OF THE WEEK How can we reduce corruption in our communities, & who is supposed to enforce the rules.

As you pounder on the quest of the question of the week,

POLL OF THE DAY

What is the leading cause of corruption in Nigeria?

1. Greed

2. Poverty

3. Nepotism

4. Embezzlement

While you are attending to the poll, some of the key points to Discuss today

KEY POINTS

1. What is corruption & Web3?

2. Can Web3 stop corruption?

3. How is this benefiting us?

REMEMBER THE RULES

1. Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.

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Shall we begin?

What Setting the pace for the space

✋ Minute a minute on the current market situation

Session 1: 10 Mins

How is web3 playing a role in corruption?

Talking points:

1. What is corruption first first....

2. History of things like transaction, transfer of ownership.... It keeps history in a way that its resistant to manipulation once published

3. Transparency and accountability

4. Once we can reference trust, Web3 can stop corruption. In an ideal setup, Web3 can stop corruption.

Session 2: 10 Mins

Do you Know that it's not all information that needs to be published?

Talking points:

1. The data in the blockchain is only as good as the data put in there, it's not a truth machine

2. AI often concentrates power in the hands of those with data & compute.

Interlude: 5mins

1. Read comments and poll updates.

Session 3: 10 Mins

How do can I safeguard myself with web3 to ensure that my exposure to corruption is reduced drastically?

Talking points:

1. Trust, self dicipline, public accountability, look at the sources of things.

2. Demand transparency in public authority pronouncements that affects you.

3. Smart contract, NFT, digital representation.

Question to audience:

Its safe to say that it's when we are not benefitting from something that we see something as corruption, what's your counter ideology about this?

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Comrade of the week

when you are late in anything, you are the price

BONUS

Conclusion

Web3 is the technology today that can help us reduce corruption to a level of fault.

If you don’t believe me or don’t get it, I do not have the time to try to convince you. Sorry! - Satoshi Nakamoto (July 2010) Price of bitcoin: $0.08