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Colombian Government Issues Guidelines for Blockchain Projects


Blockchain Information

  • The Ministry of Info Applied sciences of Colombia has issued a information on blockchain integration into initiatives of nationwide curiosity.
  • The implementation is topic to the nation’s authorized framework.
  • Early this month, the federal government launched a land registry on the XRP Ledger.

Extra governments are introducing blockchain expertise into initiatives the place transparency and decentralization matter. The Ministry of Info Applied sciences and Communications (MINTC) of Colombia has issued a complete information describing blockchain integration into initiatives directed to resolve issues at a federal and state stage.

The doc, although written in Spanish, is titled “Reference Information for the Adoption and Implementation of Initiatives with Blockchain Know-how for the Colombian State.” It explains the fundamentals of blockchain and the sorts of initiatives that may profit by integrating blockchain of their companies. It additional states that such implementations will probably be topic to the nation’s authorized framework. The doc says:

A blockchain expertise undertaking within the public sector requires an in depth evaluation of the necessities of the overall problem to be resolved and the usability of the distributed database relying on the undertaking kind.

Moreover, the ministry additionally hinted at some initiatives that already used blockchain expertise. Intimately, they embody RITA, a community developed by a nationwide college that makes use of blockchain to safe and confirm the authenticity of educational diplomas, and the alliance that the Financial institution of Colombia inked with R3 to make use of the Corda for various settlement instances.

On July 1, the Colombian authorities launched a nationwide land registry on a blockchain community to assist residents needing land certificates. The undertaking was dealt with by a third-party firm known as Peersyst Know-how. On the XRP Ledger (XRPL), the federal government will confirm digital recordsdata and data utilizing QR codes. The undertaking goals to speed up the issuance of land paperwork and provides 100,000 certificates to land house owners in a short while.