Brazil’s blockchain moves

Brazil blockchain

The Brazilian government is encourageing blockchain implementation in all local public administration units, as reported by Cointelegraph.

A new bill, aims to offer the “Digital Provision of Public Services in Public Administration – Digital Government.” If approved, the new regulation will see the federal and state government divisions implementing evolving technologies like blockchain and artificial intelligence (AI) to enhance services to the public.

The proposed draft policy was filed by a group of 10 federal deputies from various parties and states on June 11 during a protocol session at the lower house of the National Congress of Brazil, Chamber of Deputies.

The bill was signed by officials from different parties including The Brazilian Socialist Party (PSB) and The New Party (Partido Novo, NOVO)’s member Federal Deputy Tiago Mitraud.

This has come at a time when Brazil has been given attention from the blockchain industry. Ripple have opened a dedicated office in Brazil this week as they expand further into Latin America.

Also reported by Cointelegraph Brazil, CIP, a facilitator of Brazilian banking and finance infrastructure has launched it’s ‘Device ID’ identity platform in partnership with IBM using Hyperledger Fabric.

“Brazilian banks have been studying blockchain technology applications for a long time, but they weren’t all together. So we decided to create a group and unify all actions, which is very important to achieve standardization to all banks,” Joaquim Kiyoshi Kavakama, director of Febraban, Brazil’s national banking association, commented, adding “We are now in the forefront when it comes to blockchain.”