Brazil Implements Nationwide Blockchain-Based ID Card
The government of Brazil has launched a nationwide blockchain-based ID card that will centralize the identity function of all states. Selected states will begin issuing the National Identity Card immediately, with all states required to adopt it by November 6. The digital document includes a QR code to verify its authenticity and linked documents, making it an effective tool against identity theft in Brazil. Alexandre Amorim, president of Serpro, the federal company behind the ID system, emphasized the importance of blockchain technology in protecting personal data and preventing fraud.
The new ID card also brings consistency, traceability, security, and independence to the service provided by the government.
Venezuelan Crypto Watchdog Extends Restructuring Period
Sunacrip, the Venezuelan cryptocurrency regulator, has been granted an extension of six months for its ongoing restructuring process. The intervention was initiated after the arrest of former Sunacrip head Joselit Ramirez due to alleged involvement in a corruption scheme. This extension prolongs the challenges faced by registered Bitcoin miners in Venezuela who are waiting for permission from Corpoelec, the national power company, to resume operations.
Buenos Aires Launches Blockchain ID Program
Buenos Aires has introduced the Quarkid project, a digital blockchain-based wallet that allows users to hold their ID documents. The wallet, previously known as Tangoid, utilizes Ethereum’s Layer 2 Zksync Era for privacy and confidentiality purposes. Initially, users can associate birth and marriage certificates with their wallet, with additional documents such as proof-of-income and academic verifications becoming available by November. The creators of Quarkid envision expanding this project across Argentina and collaborating with other countries seeking similar standards.
Hot Take: Latin America Embraces Blockchain Technology for Identity Solutions
Latin American countries are increasingly adopting blockchain technology to enhance their identity solutions. Brazil’s nationwide blockchain-based ID card is a significant step towards combating identity theft and ensuring the security of personal data. Similarly, Buenos Aires’ Quarkid project offers a self-sovereign wallet for holding ID documents, providing users with greater control and privacy. These initiatives demonstrate the potential of blockchain technology to revolutionize identity management systems in the region. As Latin America continues to embrace blockchain solutions, we can expect further advancements in the field of digital identities.
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