1 year ago
Welcome to Latam Insights, a compendium of Latin America’s astir applicable crypto and economical quality during the past week. In this issue: Brazil launches a blockchain-based ID card, the Venezuelan cryptocurrency watchdog Sunacrip extends its restructuring period, and Buenos Aires launches a “self-sovereign” blockchain ID program.
Brazil Launches Nationwide Blockchain-Based ID
The authorities of Brazil announced the implementation of a nationwide blockchain-based ID paper that volition centralize the individuality relation of each states. Selected states, including Goias, Parana, and Rio de Janeiro, volition statesman issuing the National Identity Card immediately, with each states having to follow it by November 6.
The integer papers volition service arsenic a limb to combat individuality theft successful Brazil, arsenic the paper includes a QR codification that volition beryllium utilized to verify the authenticity of the ID and different documents linked with it.
Alexandre Amorim, president of Serpro, the national institution that developed the ID system, commented connected the value of blockchain for this usage case. He stated:
Blockchain exertion plays a cardinal relation successful protecting idiosyncratic information and preventing fraud, providing a safer integer acquisition for Brazilian citizens. The usage of the b-Cadastros blockchain level is simply a large differentiator for the information and reliability of the National Identity Card project.
The papers volition besides connection different advantages, including bringing “consistency successful the work provided, traceability, security, and independency of the states,” according to the caput of integer authorities of the Ministry of Management and Innovation successful Public Services (MGI), Rogério Mascarenhas.
Venezuelan Crypto Watchdog Sunacrip Extends Restructuring Period
Sunacrip, the Venezuelan cryptocurrency enforcer, volition person much clip to implicit its restructuring process. According to an enforcement order, the authorities approved the hold of its restructuring play for six much months, with the aforesaid restructuring committee astatine the helm.
The intervention, ordered by President Nicolas Maduro successful March aft the apprehension of erstwhile Sunacrip caput Joselit Ramirez, was initially scheduled for six months. Ramirez and Sunacrip were linked to an alleged corruption strategy inactive nether probe by the Venezuelan authorities.
This hold besides aggravates the woes of registered Bitcoin miners successful the country, who were disconnected from the powerfulness grid by the nationalist powerfulness institution Corpoelec and are inactive waiting for support from the instauration to restart operations.
Buenos Aires Launches Blockchain ID Program
The metropolis of Buenos Aires announced the implementation of the Quarkid project, a integer blockchain-based, “self-sovereign” wallet that volition let users to clasp ID documents. The project, known earlier arsenic Tangoid, has been successful improvement since past twelvemonth and volition usage Ethereum’s Layer 2 Zksync Era for privateness and confidentiality purposes.
The wallet volition initially let users to subordinate documents similar commencement and matrimony certificates, and different documents similar proof-of-income and world verifications volition beryllium disposable by November. Furthermore, much documents mightiness beryllium disposable for adjacent year, depending connected a yet to beryllium constructed roadmap.
Quarkid creators expect this task to widen to each of Argentina and past to collaborate with different countries seeking to follow akin standards.
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