In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12.
The blockchain-based solution, called Online Bid Solution was reportedly developed by Cayenne Technology and Design.
Bids will reportedly be completely transparent and secure due with the application of blockchain tech.
According to Bahia government, the intended beneficiaries of SOL appear to be the Brazilian agriculture industry.
The solution is designed to help connect agriculture organizations in Bahia with suppliers and workers throughout Brazil, as well as provide transparency on the contract bidding process.
"The application, already available in the Play Store and the Apple Store, will be used by about 1,100 agricultural associations and cooperatives in the states of Bahia and Rio Grande do Norte, under the Bahia Productive and Governo Cidadão, financed through a loan agreement between the state governments and the World Bank.".
As previously reported by Cointelegraph, the Brazilian coffee farming cooperative Minasul announced plans to issue a blockchain token for coffee farmers.
Farmers will reportedly be able to earn tokens as a reward for harvesting coffee beans, and use the proceeds to purchase a variety of goods.
This is purportedly a useful economic system for the farmers, since this method of financing does not require registration in a notary's office.
Brazilian State Launches Blockchain Platform for Government Contract Bids
pubblicato su Jul 13, 2019
by Cointele | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.