But what exactly is blockchain. Basically, it is a decentralized information registration technology, which is in principle used in cryptocurrencies, however, in practice, covers a wide range of functions, especially in areas that require immutable, traceable and, most importantly, reliable records.

In this scheme, decentralization is one of the important pillars. The registry does not depend on a single entity; Instead, maintenance of these logs is performed simultaneously across thousands (or even hundreds of thousands) of servers. The validity of a record is determined only by the consensus of a majority of these nodes, making data manipulation nearly impossible.

Blockchain in state management

That is why, from the entity led by Guido Zaltloukal, they emphasize: “When it comes to transparency in public administration, blockchain-based tools are becoming increasingly important.” And they added that, by implementing this technology, “we no longer rely on the veracity of data provided by public officials or even the justice systembecause trust will fall on the technology itself and not on the people.”

According to his vision, the blockchain registration system can be applied in various areas of government, from controlling spending on public works and monitoring its progress, to overseeing social programs, recording government purchases and other areas such as public certificates, documentation, permit and license management; everything is 100% digital. This not only provides economic and time benefits for citizens, but also provides benefits will guarantee the security of having reliable data.

In this case, the Foundation guarantees that examples of successful use of blockchain for public works control can already be seen in various countries such as Australia, Brazil, United States, France, India, Italy, Japan, United Kingdom and Singapore.

This technology, easy to implement and provides unprecedented control, This is presented as a unique opportunity to eradicate corruptionincreasing transparency and helping States manage their resources more efficiently.

Therefore, they concluded, “it is important to continue promoting the use of blockchain technology in the country, so that more citizens are aware of its existence and can request its implementation from its leaders, thus consolidating an important step towards a more transparent and efficient government.”