Transparency of government is the greatest tool we have for ensuring the best decisions are made by officials and functionaries and reducing corruption and poor decision making.
Legislation, guidelines and reviews surrounding Public-Private Partnerships (PPP) abound as we collectively try to find a way for government to utilise private efficiency and expertise without exposing the public to risks associated with corruption of officials and contracts that serve the private rather than public partner.
The problem with many PPPs and government business, are poorly constructed contracts. Inappropriate measures, guarantees of returns and unclear maintenance and renewal responsibilities.
In the past it has been difficult for us to measure the use of infrastructure by different groups, the consumption / degradation of infrastructure, the degree of maintenance and renewal required and applied to infrastructure.
This has lead to simplistic drafting of contracts based on unsupported estimates.
Enter micro-transactions and Internet of Things.
We now have the unprecedented ability to measure almost everything, and cheaply. We have technology that allows us to make the recording of these measurements publicly available and immutable, and we have people writing clever contracts based on micro-transactions.
By combining these things there is opportunity for us to include all aspects of infrastructure in government contracts for PPPs. Reward can flow to the Private Partner based on utilisation, maintenance, renewal of the infrastructure as well as other measurable impacts, such as improvement of performance of the infrastructure, or lessening of burdens on society and the environment.