The Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in the future.
Sao Paolo Law Introduces Concept of Blockchain
Little by little, more use cases of blockchain, part of the technology behind cryptocurrency, are being embraced by institutions all over the world. The city of Sao Paolo has included the concept of blockchain in its recently passed municipal data and transparency law as a tech that can be used to help the state complete its tasks.
In the legislation, blockchain is defined as an immutable ledger that can record transactions and track assets using a computer network. While the tech is cited as a useful tool, the law fails to define in which ways it can be harnessed to make data access and transparency-related tasks more efficient.
This has led some experts to believe that the inclusion of this definition in the law is just…