Brazil is on the verge of implementing blockchain to monitor public spending

Virtual authentication allows citizens to send their documents to public entities or individuals and legal entities via WhatsApp, email, or any other electronic format. Thus, they can conclude transactions that have the same value as the original document.

By
RT Staff Reporters
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RIO DE JANEIRO, BRAZIL - Blockchain networks continue to gain momentum in Brazil after the National Bank for Economic and Social Development (BNDES), and the Federal Audit Office (TCU) announced the launch of blockchain next Monday, May 30.

Among the goals of blockchain is to connect institutions to facilitate the "adoption" of this type of technology in solutions focused on the public interest and increase the transparency of public spending, the TCU said in a press statement.

According to the TCU, the use of a blockchain "raises expectations of the contribution of this technology to improve security and transparency in the . . .

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