Buenos Aires May Implement Blockchain System to Make Social Assistance Payments – Bitcoin News

Dario Nieto, a lawmaker in the city of Buenos Aires, introduced a bill that would use blockchain systems to pay social assistance payments to bring transparency to these activities. Neo complains about various intermediaries who use these social campaigns to make money and how the introduction of blockchain will eliminate these activities.

In Buenos Aires, the Social Assistance Blockchain Law was introduced

Many systems are using blockchain because of the traceability that this technology can bring to any application. Buenos Aires City Legislator Senator Dario Nieto has proposed using blockchain as a basic system component to manage social assistance payments. To this end, he introduced a bill that would bring many activities from these programs to fruition.

In his view, payments from social assistance programs are routinely used by various intermediaries to obtain funds or coerce recipients into political activities. In this case, Nieto said, “We have a view that people will be taken away from you.”

The management of the social plan has become a huge tool used to make politics, where social movement leaders exploit people by asking for refunds, a percentage of the plan, marching and blocking the streets.

According to Nieto, blockchain technology can help with this, tracking every payment and cutting out middlemen from deals. He explained.

Through the blockchain, the money leaves the Ministry of Social Development directly to the user, without asking for voluntary contributions, without asking for subsidies such as control of attendance at elections or demonstrations.

A city married to blockchain

This is not the first time Nito has offered a blockchain-based account. The legislature has introduced a bill that would use blockchain technology as part of a system to manage state purchases and contracts.

Buenos Aires is a city that has blockchain as part of its infrastructure. As part of its modernization program, the city is currently in the final stages of implementing Tango ID, a blockchain-based identification system. The government of Buenos Aires has announced that it aims to have it operational by January 2023.

In August, the city announced that it would be running Ethereum nodes. In April, the city confirmed its plans to accept cryptocurrency for tax payments by 2023.

Tags in this story

Argentina, Blockchain, Buenos Aires, Dario Nieto, Ethereum, Intermediaries, Payments, Regulation, Social Assistance, Government Contracts, Taxes

What do you think about the latest blockchain bill presented in Buenos Aires? Tell us in the comment section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. In the year He describes himself as late to the game, entering the cryptosphere when the price surge occurred in December 2017. With a background in computer engineering, living in Venezuela and being socially influenced by the cryptocurrency boom, he has a different opinion. About the success of crypto and how it can help the unbanked and underserved.

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