October 2, 2023

Brazil to Issue Blockchain-based Digital IDs by November

Brazil

Brazil

The Brazilian government has announced that over 214 million citizens will soon utilize blockchain technology for their digital identity.

The states of Rio de Janeiro, Goiás, and Paraná will be the first to issue identification documents using a private blockchain developed by Serpro, which is Brazil’s national data processing service. A decree made on September 25 stated that all states in the country will be able to issue identity documents through blockchain technology by November 6.

Serpro’s president, Alexandre Amorim, has stated that the immutability and decentralization of blockchain make it an ideal technology for the country’s digital identification project.

“Blockchain technology plays a critical role in protecting personal data and preventing fraud, offering Brazilian citizens a more secure digital experience. Utilizing the b-Cadastros blockchain platform significantly enhances the security and reliability of the National Identity Card project,” Serpro noted.

The national ID project is considered essential by the local government as it helps to combat organized crime, facilitates collaboration between government sectors, simplifies access to services, and streamlines administrative records.

The Argentinian capital of Buenos Aires has also launched a similar initiative, enabling residents to access identity documents through a digital wallet.

In recent years, Brazil has been working to unify identity issuance throughout its nearly 30 states. The new technology will enhance data security and exchange between the Federal Revenue and government departments.

There is an important update about a new digital currency being developed by the central bank in the country. The project has been renamed to Drex, and the government released more details about it in August.

As per earlier reports, the Brazilian central bank aims to increase business access to capital by introducing a tokenization system linked with Drex. A local developer has found that the Drex code allows a central authority to freeze funds or lower balances if required.

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