Tru Budget Trusted Budget Expenditure A blockchainbased workflow

Tru. Budget Trusted Budget Expenditure A blockchain-based workflow tool for a transparent and collaborative use of public funds Piet Kleffmann General Assembly of ALIDE May 2019, Madrid

The challenge of donor harmonisation: example Ethiopia

The challenge of partner systems Fiduciary risks Public Revenues Donor Support Public Budget Project Budget Public Expenditure Project Expenditure Lack of coordination Voiding subsidiarity High transaction costs Limited Impact 3

The challenge of communication and data Ø Unequal information level Ø Random and scattered filing Ø Redundant structures Ø Diverging data Ø No real-time data Ministry of Finance Donor Ministry of Education Donor Central Bank Disjunct data systems 4

Tru. Budget: a joint platform of collaboration and expenditure control Tru. Budget Platform Allocation Donor budget lines projects sub-projects workflow Implementation tender contracts reports Ministry of Finance Disbursements payments Ministry of Education Donor Central Bank 5

Tru. Budget assets control the use of external funds channel donor funds through national budget real-time information on use of donor funds improve communication and simplify decision-making improve budget planning and macro-economic analysis significantly reduce transaction costs … while keeping your running IT-systems! 6

Tru. Budget Pilots Georgia Burkina Faso Ethiopia

Generic principle of Tru. Budget: What do you need to coordinate amongst your partners? Distributed Access by internet Documents Covenants Payments Private Blockchain Transparent Decisions Supply Chain Tamperproofed ? Open Source

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Selected stakeholder with specific rights

Easy to use, adaptable workflows