Is Brazil’s Blockchain-Powered National ID Program a Game Changer? 🪪
Brazil is revolutionizing its national identity system with blockchain technology.
Three states, Rio de Janeiro, Goiás, and Paraná, are set to issue #identification documents on a private blockchain developed by Serpro, Brazil’s national data processing service.
This move aims to provide over 214 million Brazilians with secure digital identities. The president of Serpro, Alexandre Amorim, highlighted the technology's role in protecting personal data and preventing fraud.
This initiative is crucial for tackling organized #crime , improving government sector collaboration, simplifying service access, and streamlining administrative records.
Brazil is also working on a central bank digital currency (CBDC) named #Drex , which aims to enhance business access to capital through tokenization.
