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Colombia – A Guide to Using Blockchain Tech for Public Projects has been Issued

Mintic, the Ministry of Information Technologies and Communications of Colombia has published a guide detailing the steps required to implement blockchain in projects that are...
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Colombia Issues a Guide for Blockchain Implementation in Public Projects

Mintic, the Ministry of Information Technologies and Communications of Colombia has published a guide detailing the steps required to implement blockchain in projects that are directed at the state level. This document explains blockchain and the basic elements. It also outlines the guidelines that projects should follow depending on their needs.

Blockchain is being used by more and more governments in projects that involve transparency and decentralization. The main technology institution in Colombia, the Ministry of Information Technologies and Communications, has published a guide on how blockchain should be used to solve problems at the state and government levels.

The document, “Reference Guide to the Adoption and Implementation of Projects with Blockchain Technology for the Colombian States,” describes the basics of blockchain as well as the types of projects that could benefit from incorporating blockchain into their services. The document explains:

An assessment of the requirements for a blockchain project in the public sector is necessary. Then, determine the usability of the distributed database and what type of project it would be.

The document also states that implementation of the tech should be subjected to the existing legal framework in the country. This means that state entities must adhere to what is specifically established under Colombian law.

Blockchain Projects in Development
Already, Colombia has identified some problems that blockchain technology could solve. This document lists several projects, including RITA (a network created by a national university) that uses blockchain to verify and secure academic diplomas. It also mentions the alliance the Bank of Colombia made with R3 in order to use Corda for different settlement cases.

Mintic recently announced a new use of blockchain technology to assist citizens who need land certificates. Peersyst Technology completed the project. It will use the Ripple ledger to register and verify authenticity of these certificates. This project will accelerate the issuing of these land documents and aim to give 100,000 certificates to land owners within a short period of time.

Brazil also has its own blockchain-based network. This structure is called the Brazilian Blockchain Network and will allow institutions to create their own apps. The idea is to improve transparency in public agencies.

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Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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