What is corruption and where does it start ?
The act that is to evade legal consequences of illegal action committed by a person or a group wilfully or by a mistake is corruption.
Corruption starts when you think of covering up a mistake to avoid legal actions.
When planning a non ethical action against some person/ group / society.
How does corruption flourish?
The paper currency is the main player of corruption.
Corruption is promoted with help of paper currency that help to buy muscle power, or compromise the authorities from taking legal action or hiring muscle to stop the person with legal authorities.
How can we stop corruption?
We can stop corruption up 99% if we can track movement of currency and any asset that can be liquidated as currency.
Will current digital currencies help to curb corruption ?
No, But to an extent it will help reducing corruption.
What is the fault in the digital currencies?
Digital currency needs only authorization of the sender and receiver do not authorize if that is received as per his knowledge.
The system needs a small change which is mandatory. That receiver should accept/claim the money to get transfer to his wallet.