Working alongside global tech giant Microsoft and ethereum-focused startup ConsenSys, Brazil's Ministry of Planning, Budget and Management is piloting a blockchain identity application.
Leveraging technology provided by ConsenSys affiliate project uPort – a "self-sovereign"' identity system built on ethereum that allows users access and control over their own data – the agency is testing how the technology could be used to verify the legitimacy of personal documents.
In statements, Adriane Medeiros Melo, head of information technology at the ministry, framed the trial as one that would help the organization test the potential of blockchain technologies, as well as to "establish a new trust model between government and society."
Formed in 1962, the Ministry of Planning's mission is to coordinate the management of federal government policies and budgets. As such, its investigation falls in line with the wider investigation of blockchain for record-keeping ongoing at institutions globally.
Brazil map via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.