Brazil Launches a Blockchain Network to Better Trace Public Expenditures

On May 30, Brazil’s new authorities blockchain community went stay thanks to a cooperation settlement between the Court of Accounts of Uniam (TCU) and the Brazilian Development Bank (BNDES).

Brazil Launches a Blockchain Network to Better Trace Public Expenditures

The launch occasion was live-streamed on the official YouTube channel of the Court of Accounts of Uniam (TCU). The occasion’s focus was to focus on the technical elements of the undertaking primarily based on the experiences of a number of visitors (public officers, firm executives, and representatives of college establishments).

The launch was made possible by a collaboration between the Court of Accounts of Uniam (TCU) and the Brazilian Development Bank (BNDES).

The Brazilian Blockchain Network is still in development, but it will be used in a number of governmental institutions to better services provided to citizens, and offer better transparency on public expenditures.

The network, public and not-for-profit, will be national in scope. It will connect participating institutions in a governance structure and technological infrastructure. The blockchain network will work with the aim of facilitating the adoption of blockchain technology in solutions aimed at public interest.

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