- Authorities of the city of Buenos Aires, in Argentina, will use blockchain to launch a digital identity platform.
- The project is headed by the Secretary of Innovation and Digital Transformation of Buenos Aires, Diego Fernández, it was proposed to make it official no later than and could arrive in the first quarter of 2023.
- This initiative will provide sovereignty over the information itself, less time lost in bureaucracies and organizations will reduce their transaction costs.
While the national government of Argentina is still debating the current situation of digital assets, imposing more restrictions and taxes on cryptocurrency users, The authorities of the Autonomous City of Buenos Aires, the country’s capital, will use blockchain to launch a digital identity platform.
The A project headed by the Secretary of Innovation and Digital Transformation of Buenos Aires, Diego Fernández, set out to make it official no later than the first quarter of 2023. The city, which has about three million inhabitants and is one of the most important tourist spots in Argentina, published a white paper giving certain details about its functionality.
What will be the benefits for people?
Fernández explained on his Twitter that This initiative will provide sovereignty over the information itself, less time lost in bureaucracies and organizations will reduce their transaction costs.
“The protocol proposes an ecosystem of digital interactions based on self-sovereign #DigitalIdentity agreed with the community. We will facilitate its use by a critical mass of users, so that later the ecosystem takes on a life of its own in a decentralized manner.Fernandez pointed out.
In dialogue with CoinDeskthe secretary explained that the platform it will be decentralized, public and permissionless. At the same time, will be available to beused by any organization, government administration, or business that wishes to mint verifiable identities without needing city approval”.
“The motivation is to give rise to a new paradigm in which secure transactions are agile; in which the verification of the necessary documentation is fast, reliable and private. In which people are in control of their identity, and decide where where your information is stored and who can access it“explains the presented white paper.
things to announce
This announcement is just the first step of many that the capital’s government will have to take. During the next three months, the authorities will have to define “the architecture of the platform”, as well as what blockchain will be built on.
“Many very relevant architectural decisions have to be made in order to preserve privacy and allow it to be an unauthorized public network“, he assured.
Meanwhile, the project will not be limited to a single network, but the idea is to connect it with other blockchains.
It is clear that the government is not working on this alone and is being advised by industry leaders and benchmarks. Some of them are: Santigo Siri, part of the Proof of Humanity project and creator of the ERC-20 token of the Universal Basic Income (UBI); Leo Elduayen, CEO and co-founder of Koibanx, a Latin American blockchain financial infrastructure and asset tokenization company; and Diego Gutiérrez Zaldívar, founder and CEO of RSK Labs, which operates a smart contract blockchain secured by the Bitcoin network.
Digital identity projects
This digital identity proposal is the second that the country has after the province of Buenos Aires has also shown its intentions. In its Web certain details about this project can be read in diapers.
“This project arises in order to generate administrative savings, as well as facilitate the access of citizens to provincial administrative procedures. This platform will allow the implementation, standardization and regulation of a transversal service that provides Identity and Digital Identity within the province. One of its main objectives is to achieve a compatible, efficient and citizen-friendly technological policy.”, they explain.
While adding:
“LIdentity Accreditation is the process by which it is verified that the human person is who they say they are at the time of carrying out a transaction, claim, procedure, request, or any other procedure, since it is the necessary and sufficient condition for these operations to have validity. With Digital Identity you can digitally authenticate your identity in a practical and safe way, choosing between various accrediting entities or authentication providers”.
Argentina wants to join the global trend of using blockchain for data registration and control. At the moment the plans are local, but they will serve as a test for a project that could be national.
You might be interested in: