Bolivia's President-elect Rodrigo Paz intends to leverage blockchain technology to tackle corruption in public procurement processes. By implementing smart contracts, Paz aims to automate state purchasing and minimize discretionary decision-making, enhancing transparency and efficiency. Additionally, he plans to integrate cryptocurrencies into asset declarations for a national stabilization fund. Paz, who secured 54.5% of the vote in the recent runoff election, is aligning his initiatives with Bolivia's increasing crypto adoption. The Banco Central de Bolivia reported that the country's monthly crypto trading volumes reached $46.8 million by mid-2024, reflecting a significant rise in digital currency usage.