Columbia to deploy public projects using blockchain technology

Governments across the world are using blockchain to implement public sector projects for transparency. Colombia’s Ministry of Information Technologies and Communications (MINTIC), has issued guidelines on implementing public projects using blockchain at state level.

The document titled, “Reference Guide for the adoption and implementation of projects with blockchain technology” states:

“A blockchain technology project in the public sector requires a detailed review of the requirements of the public challenge to be resolved and the usability that the distributed database would have depending on the type of project.”

The document also mentions that the implementation of the technology should be subject to the current legal framework of the country.

PROJECTS UNDER DEVELOPMENT :

Columbia’s first national land registry was launched on the XRP blockchain. Ripple, in collaboration with Barcelona-based Peersyst Technology, had been developing the system for over a year under the guidance of MINTIC.

The blockchain based land registration system has been integrated with Columbia’s national land agency, AgenciaTierras. More than 50 million Columbians can now access the system to issue land documents and certificates in a very short time.

The project will use XRP stamp, a blockchain based verification and authentication system for digital documents on the XRP ledger. This ledger will be used by the AgenciaTierras as a database.

National University of Columbia is developing a project called RITA. A blockchain based network that will be used to secure and verify the authenticity of academic diplomas.

Bank of Columbia is partnering with R3 to develop a blockchain based banking system using Corda network.

Columbia has recently taken steps towards regulating cryptocurrency exchanges that operate in the country with a bill that will protect citizens from the risks of crypto-related Ponzi schemes.