Globalisation and Digital Trust: Leveraging Blockchain to Decentralise Diaspora Investment and Public Procurement

Abstract

In an increasingly interconnected world, globalisation has transformed how capital, information, and human resources move across borders. However, this transformation has also exposed entrenched trust deficits in international investment and governance frameworks, particularly in developing economies. This paper explores how blockchain technology, a decentralised, tamper-proof digital ledger can be utilised to decentralise diaspora investment and public procurement processes. By addressing issues of transparency, accountability, and inefficiency in transactions, blockchain can assist in reconstituting digital trust between diaspora communities and homelands. Drawing upon transnational case studies and policy analysis, the project situates blockchain within a broader vision of digital sovereignty, economic decentralisation, and global financial inclusion. In an increasingly interconnected world, globalisation has transformed how capital, information, and human resources move across borders. However, this transformation has also exposed entrenched trust deficits in international investment and governance frameworks, particularly in developing economies. This paper explores how blockchain technology a decentralised, tamper-proof digital ledger can be utilised to decentralise diaspora investment and public procurement processes. By addressing issues of transparency, accountability, and inefficiency in transactions, blockchain can assist in reconstituting digital trust between diaspora communities and homelands. Drawing upon transnational case studies and policy analysis, the project situates blockchain within a broader vision of digital sovereignty, economic decentralisation, and global financial inclusion.