Buenos Aires Will Implement Blockchain Systems For Social Schemes
Dario
Nieto, a lawmaker in the city of Buenos Aires, has introduced a bill to use
blockchain systems for all social aid payments to enable transparency in such
activities. Nieto has complained about the different intermediaries that use
social campaigns to collect money and how blockchain can eliminate those
activities.
Social Aid Blockchain Law Introduced in Buenos Aires
Many
systems are using blockchain due to the traceability that the technology offers in implementation. Senator Dario Nieto, a lawmaker for the City of Buenos
Aires, has been proposing the use of a blockchain system to manage social aid
payments. He has introduced a bill to curb many such activities that are
derived from social schemes.
All
payments from social aid schemes have been used to make money for the
intermediaries or to force the recipients to participate in political
activities. Nieto has stated:
"Management
of social plans has become a huge apparatus used to do politics, with which the
leaders of social movements extort people with abusive practices, such as
asking for money returns, a percentage of the plan, or going to march and block
streets."
According
to Nieto, blockchain technology might help make every payment traceable and
eliminate middlemen from the equation. He explained:
"With
blockchain, the money leaves the Ministry of Social Development directly to the
beneficiary, without asking for voluntary contributions, without favors such as
attendance controls at pickets or marches."
Blockchain-based Bill and ID System
This
is not the first time that Nieto has introduced a blockchain-based bill. The
lawmaker has already introduced a bill to use the blockchain technology system
to control state purchases and contracts.
Buenos
Aires is a city that has embraced blockchain technology. The modernization
program for the city is currently in the final stages of implementing a
blockchain-based ID system called TangoID. The government of Buenos Aires hopes
to make it effective as of January 2023.
The
city declared that it will run Ethereum nodes to learn more about the
chain for regulatory purposes in August. The city has also
confirmed its plans to accept cryptocurrency for tax payments in 2023.
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