Colombia Publishes Guide For Blockchain Implementation For Public Projects

Mintic is Colombia’s Ministry of Information Technologies and Communication, and it has published a guide detailed the steps for implementation of blockchain technology for public projects. The guide provides information about blockchain and its characteristics and also details the guidelines that the projects would have to follow, depending on their needs.

Guidelines for blockchain projects

There is an increasing number of governments that are incorporating blockchain technology in projects that need decentralization and transparency. It appears that Colombia is also interested in doing so, as the country’s main technology institution has introduced a guide that sheds light on how projects can integrate blockchain. The purpose of doing so is to solve problems at the state and government levels.

Not only does the document offers details about the basics of blockchain, but also highlights what kind of projects could reap benefits by integrating the technology into their services. In addition, the document also mentioned that projects that decide to implement blockchain technology would have to do this in compliance with the country’s legal framework. State entities have to comply with whatever is mentioned in Colombian law.

Projects in development

There is no doubt that blockchain technology has a lot of uses and can come in handy in different ways. As a matter of fact, some of the problems that this technology could help in resolving have already been identified in Colombia. There are a number of them mentioned in the document that has been issued.

These include a network called RITA that a national university had developed. It uses blockchain technology for securing academic diplomas and verifying them. Another project is the agreement that the Bank of Colombia had signed with R3 for using the Corda in settling various cases.

New application

The Mintic recently announced a new blockchain technology app, which is designed to assist the country’s citizens who require their own land certificates. Peersyst Technology, a third-party company, recently completed the project.

This project would use the Ripple Ledger for registering land certificates and then verifying them. Its purpose is to speed up the process of issuing land documents, which usually takes a long period of time and involves a lot of paperwork. The goal of the project is to provide landowners with 100,000 certificates in a short period of time.

It should be noted that Colombia is certainly not the only country that is thinking of using blockchain or has begun using it for different projects. While countries may be skeptical about using cryptocurrencies because of their volatile nature, they are more than ready to adopt the technology that powers most of them because of its transparency.

Brazil is one such country, which is working on its blockchain-based network. They have named it the Brazilian Blockchain Network and are aimed at helping institutions for building their own apps because they want to ensure that public organizations can operate with more transparency. This is something that will also appeal to the people.

Leave a Reply

Your email address will not be published. Required fields are marked *