Colombian MinTIC Releases First Draft To Adopt Blockchain Technology
Colombian MinTIC Releases First Draft To Adopt Blockchain Technology
August 19, 2020
Colombian MinTIC Releases First Draft To Adopt Blockchain Technology
Colombian MinTIC Releases First Draft To Adopt Blockchain Technology
August 19, 2020

The Colombian Ministry of Information Technology and Communications (MinTIC) has released its first draft of a guide that calls for the public sector to adopt blockchain technology, including crypto payment-related matters.

It has been reported that in the “Guide for the use and implementation of Distributed Ledger Technology (DLT/Blockchain) in the public sector,” MinTIC explains the advantages and disadvantages of implementing DLT within projects related to public entities.

However, MinTIC also pointed out the country “is lagging” in adopting blockchain technology, citing the European Union countries, China, the United Arab Emirates, the United States, and Canada.

According to the report, the organizations behind the guide, which includes ViveLab Bogota, Universidad Nacional de Colombia, Bogotá City Hall, and the National, proposed ten solutions that could be implemented payments in crypto, land registration, voting, identity data management, supply chains, health records, business records, filing of academic degrees and management of taxes and public tenders.

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Such solutions aim to remove third-party involvement within the security infrastructure using blockchain technology, which increases the “confidence and transparency” in data management.

Thus, MinTIC quotes the draft “Bitcoin: A Peer-to-Peer Electronic Cash System,” published in 2008 by the person or persons who created Bitcoin (BTC), Satoshi Nakamoto, to explain that such solution expects “to ensure the consumers’ protection who invest in cryptocurrencies.”

Source: Cointelegraph | Image: DevOps


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.