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.
Colombia's Technology Ministry Endorses #Blockchain & #Crypto The Colombian Ministry of Information Technology & Communications launched a draft guide that calls for the public sector to adopt #Blockchain including #Cryptocurrency payment-related mattershttps://t.co/Y9Ur5hoQ7K — XRPcryptowolf (@XRPcryptowolf) August 19, 2020
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.”