Sao Paolo introduces blockchain in data access rights - regulation

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The Brazilian city of Sao Paolo has included the blockchain concept in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be useful in this area, but the city has not defined the structures or implementation for its future use.

The law of Sao Paolo introduces the concept of blockchain

Gradually, more applications from Blockchain, part of the technology behind the cryptocurrency, are accepted by institutions around the world. The city of Sao Paolo has included the concept of blockchain in its recently adopted municipal data and transparency law as a technology that can support the state in fulfilling its tasks.

In legislation, blockchain is defined as an unchangeable main register that can record transactions and pursue assets through a computer network. While the technology is cited as a useful tool, the law does not define how it can be used to make data access and tasks more efficient in connection with transparency.

This has caused some experts to assume that the inclusion of this definition in the law is only random, since the document does not indicate any implementation methods. In addition Marcelo Castro, lawyer of Machado Meyer, told O’Globo:

Institutions recognize blockchain as advantageous for the economy, but there is no specific command that says how the technology is used within a schedule, and this carries an enormous risk of getting lost in a dead legal text.

incoming innovation

The legislators behind the document defended their approach to adding new technologies to the law. Maria de Carli, the author of the Ordinance, defended the general way in which the law mentions blockchain. De Carli said local sources that the law should not specify strict applications for technology, since these would have to be discussed with the municipal executive.

de Carli mentioned several uses for blockchain technology within the scope of the law, e.g. B. the support in the uncovering of corruption cases and the guarantee of compliance with public servers, since the technology enables public insight into any transaction.

Also at the national level, further initiatives of this kind are underway. In May the Brazilian development bank started the Brazilian blockchain network, a blockchain project that starts, others To serve public institutions as the basis for the establishment of their decentralized apps in order to increase the transparency of public function.

What do you think of the Sao Paolo data access law from the recording of blockchain? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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