Argentine municipality uses blockchain on financial project
San Lorenzo is considered the first municipality in Argentina that uses the Argentine Federal Blockchain platform (BFA) in its 2019 edition of the city's budget
Since 2018, the municipality of San Lorenzo in the south of the province of Santa Fe, Argentina, has the blockchain platform based on Ethereum which allows the population to decide annually what will be the projects that are part of the Participatory Budget, as announced in a press release, in order to improve the transparency of the voting process.
One year after the creation of this digital tool, the website integrates distributed accounting technology to “add an extra layer of reliability to the voting process,” as can be read in the statement, because the registration is made daily.
Despite being a platform that began operations in 2018, it has a cryptoactive technology but does not have its own cryptocurrency. It meets the necessary conditions to provide improvements in the transparency and security of the public, private and educational sectors, as well as the operation of the Internet in the region.
This would be the first approach that the Municipality of San Lorenzo gives to cryptoactive technology. However, other regions of the country, such as the Province of Misiones and the Marcos Paz Municipality have experimented with this technology in waste management as well as to recognize the timely payment of taxes and civic actions respectively.
Some operating details of this allowed, public and open source blockchain are stored in the GitlLab repository manager, where it can be read that BFA works through the Authority Test consensus protocol reflecting that the transactions made in the network are totally free, since the gas necessary to carry them out is distributed to the nodes periodically through a smart contract called Distillery.
K.Villarroel
Source: infocoin
