💡Paraguay develops its first national blockchain network

Paraguay is making waves with the development of Legaledger, the world's first third-generation blockchain network with national sovereignty. The Blockchain Chamber of Paraguay is driving this initiative, with the aim of providing secure blockchain-based solutions for the public and private sectors. These solutions cover financial, civil and military transactions.

Ricardo Prieto, director of the Blockchain Chamber, explained that Legaledger is built on Hyperledger technology. It is designed to offer legal certainty in blockchain transactions, addressing concerns about security and fraud:

Through its sovereign blockchain model, Legaledger aims to position Paraguay as a world leader in blockchain governance and innovation. The organization plans to expand its solutions internationally by 2026.

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