Blockchain and Financial Accountability: The Insights of Sesh Kumar
Saturday, 25 October 2025, 02:10
Blockchain and Financial Accountability
In his insightful book The Audit Trail, Sesh Kumar, the former Director General of the CAG, posits that blockchain technology holds the key to transforming public audits. Traditional audit processes often lack real-time transparency, leading to a reactive approach in auditing public finances.
Revolutionizing Public Governance
- Blockchain can introduce a new level of transparency and accountability in public finance management.
- Real-time auditing fosters transparency and enhances the integrity of financial records.
- This shift aligns with ongoing reform efforts, such as MGNREGS, aimed at improving public goods allocation.
The Audit Trail's Impact
- Promotes a proactive governance model.
- Enhances trust in public finance systems.
- Sets a benchmark for digital governance.
Sesh Kumar’s advocacy for blockchain in public finance reform challenges us to rethink traditional auditing. For more insights, consider exploring his new book, The Audit Trail.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.