HomeLatin AmericaBrazilian Ministry of Planning Partners with Microsoft in Blockchain Identity App Trial

Brazilian Ministry of Planning Partners with Microsoft in Blockchain Identity App Trial

-

The Brazilian Ministry of Planning, Budget and Management has partnered with Microsoft and Ethereum-focused startup ConsenSys to conduct a pilot run of a Blockchain-based identity application.

The ministry aims to use the app to verify the legitimacy of personal documents.

The project will leverage the technology supplied by ConsenSys affiliate uPort, which is a “self-sovereign” identity system that is built on the digital currency Ethereum. The system enables its users to have access and control over their own data.

According to the ministry’s head of information technology, Adriane Medeiros Melo, the pilot project is intended to test potential applications of Blockchain technologies. Melo also hopes that it will “create a new trust model between the government and the public.”

Mission of the ministry

The ministry was established in 1962 with a mission to coordinate the management of the federal government’s policies and budget. The project to pilot the use of Blockchain technology and digital currency is well within its mandate.

Other Blockchain projects worldwide

The ministry’s Blockchain initiative is just one of the various projects to study the use of the technology for record-keeping purposes around the world as of August 2017.

In the US, the Department of Homeland Security (DHS) has awarded a grant to Blockchain startup Evernym for the development of Blockchain key management solutions. The grant was provided by the DHS’ Small Business Innovation Program (SBIR).

In Great Britain, the non-departmental government agency Innovate UK has launched a competition aimed at Blockchain startup companies. The goal of the competition is to select companies for the agency will fund. The ultimate objective is to advance digital health projects that use technologies like artificial intelligence (AI), Blockchain, and the Internet of Things (IoT).

LATEST POSTS

Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us

13,033FansLike
3,685FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img