The capital of Argentina and an agglomeration with greater than 12 million residents, Buenos Aires will make blockchain an important a part of its digitalization drive. Particularly, town will settle for public monetary transactions in crypto.
As metropolis Mayor Horacio Rodríguez Larreta revealed in his Steve Jobs-styled presentation on April 25, the 12-step growth plan titled “Buenos Aires +” envisions a big improve in crypto and blockchain adoption.
Con Buenos Aires + vamos a dar un paso más en el camino hacia un Estado facilitador que desburocratice y agilice los procesos. Un camino en el que el Estado sea el que se acerca a la gente, y no al revés. pic.twitter.com/yi6fUMmAUI
— Horacio Rodríguez Larreta (@horaciorlarreta) April 26, 2022
Town authorities intend to launch a platform for residents’ digital IDs that can maintain all the required info, resembling start dates and vaccine certificates, medical information, schooling paperwork. To make it possible for such delicate knowledge is well-protected, the platform will run on distributed ledger know-how (DLT). As Larreta emphasised in his speech:
“All that info stream, which can widen in a geometrical development, can be protected by blockchain know-how […] We’re going to grow to be the pioneers of that know-how adoption so the customers might management their knowledge on their very own.”
The transfer would mark the second step out of 12 in direction of the digitalized Buenos Aires. What’s much more intriguing is that the ninth step entails the choice for residents to pay their taxes in cryptocurrencies. Whereas town, itself, received’t maintain crypto on its public accounts, it can convert the residents’ cryptocurrency transactions into Argentinian pesos.
As Buenos Aires’ Secretary of Innovation and Digital Transformation Diego Fernández laid out in a separate assertion, town goes to associate with native crypto exchanges, resembling SatoshiTango, Buenbit, Ripio and Belo, to facilitate such funds.
In December 2021, Ethereum founder Vitalik Buterin visited Buenos Aires throughout Web3 protocol The Graph’s launch anniversary. On that sojourn, he had a gathering with the previous president of Argentina, Mauricio Macri, who additionally occurs to be the ex-mayor of Buenos Aires and Larreta’s fellow member on the “Republican Proposal” social gathering.