- Initially, this program will roll out in the states of Rio de Janeiro, Goiás, and Paraná.
- Importantly, Brazil also revealed its own ideas for a CBDC called Drex.
Brazil and Buenos Aires are leading the way into a new age of digital identity verification as countries across the world struggle with demands for more secure identification systems. Both jurisdictions have adopted blockchain technology in an effort to provide their residents with safer, more reliable, and more streamlined services.
In a recent announcement, the government of Brazil said that blockchain technology will be included into the country’s national identification program. Initially, this program will roll out in the states of Rio de Janeiro, Goiás, and Paraná. These regions are getting ready to use a blockchain-based identity document issuance system.
Banking on Blockchain Tech
Notably, the Brazilian government’s data processing arm, Serpro, is behind the creation of this private blockchain network. Serpro’s president, Alexandre Amorim, has said that blockchain’s immutability and decentralization make it a good fit for this use case. He emphasized the role that these characteristics have in securing sensitive information and avoiding fraud.
In addition, the Federal Revenue is a primary beneficiary of improved data sharing that is anticipated as a result of implementing this technology. The move is noteworthy because it represents Brazil’s attempt to standardize the issuing of identification documents throughout the country’s almost 30 states.
Importantly, Brazil also revealed its own ideas for a CBDC called Drex. This change represents the nation’s dedication to using digital technologies for enhanced administration and finance.
Meanwhile, the capital city of Argentina, Buenos Aires, has declared plans to integrate blockchain technology into government operations. Beginning in October, citizens will be able to use a digital wallet to get access to official identification papers.
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