Buenos Aires Might Implement Blockchain Systems to Make Social Aid Payments

Dario Nieto is a lawmaker from Buenos Aires who has introduced a bill to use blockchain systems to make social assistance payments. This would bring transparency to these activities. Nieto expressed concern about the various intermediaries who use these social campaign to make money, and how blockchain could eliminate them.

Social Aid Blockchain Law in Buenos Aires

Due to the traceability this technology might offer to any implementation, many systems use blockchain. Senator Dario Nieto is a lawmaker from Buenos Aires. He proposes to use blockchain to manage social assistance payments. He introduced a bill to end many of these activities.

According to Nieto, social assistance payments are often used by various intermediaries to make money and force recipients to take part in political activities. Nieto said:

Management of social plans has evolved into a large apparatus for doing politics. Leaders of social movements use abusive tactics to extort people, including asking for money returns, a portion of the plan, and marching on streets.

Nieto said that blockchain technology could help with this. It would make payments traceable and eliminate middlemen. He explained:

Blockchain allows money to be transferred directly from the Ministry of Social Development to the beneficiary without the need for voluntary contributions or favors like attendance control at marches or pickets.

Blockchain and a City Married

Nieto isn't the first to introduce a blockchain-based bill. Nieto has already introduced a bill to use blockchain tech in a system to regulate state contracts and purchases.

Buenos Aires has adopted blockchain as a component of its structure. The city is currently working on TangoID, a blockchain-based identification system. This is part of a modernization plan. The government of Buenos Aires stated that it aims for it to be operational by January 2023.

The city announced that it would run Ethereum nodes in August with the goal of learning more about the network for regulatory purposes. The city announced in April that it will accept cryptocurrency as payment for taxes in 2023.

What are your thoughts on the latest blockchain bill that was presented in Buenos Aires. Leave a comment below.

By: Sergio Goschenko
Title: Buenos Aires Might Implement Blockchain Systems to Make Social Aid Payments
Sourced From: news.bitcoin.com/buenos-aires-might-implement-blockchain-systems-to-make-social-aid-payments/
Published Date: Mon, 12 Sep 2022 07:30:51 +0000

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