Córdoba which is one of the major districts in Argentina has chosen to approach and benefit from the Distributed Ledger Technology (DLTs) also known as the Blockchain Technology to tackle corruption, enhance the proficiency of bureaucratic issues and maintain transparency in financial affairs in the country. This is due to the high rate of fraud and financial crimes in Argentina, with a corruption index of 39/100. By ensuring transparency and enhancing the efficiency of bureaucratic affairs, Córdoba Municipality which is also the second most populous province in the country also aims to use the blockchain tech to improve the general impression of open administration.
Blockchain ensures transparency because it is a conveyed database that keeps up a joint list of records. These records are known as blocks, everything about the block is contained in the encrypted blocks of code that preceded it before completion with the time-stamped exchange, and a blockchain is the result of chaining and linking those blocks together. Interestingly, the blockchain technology can also be utilized for some different things other than just a substitute for traditional currencies. While blockchain has dependably furnished its users with a wide range of real-life applications, the utilization of the blockchain will advance national interest out in the open arrangements. As per Spanish-dialect media audits, the venture, which started in May of this year, tries to utilize blockchain as a means of ensuring safeguarded information in a safe and secure way. The director of Information Systems of the Secretariat of Modernization of the Municipality of Córdoba, Andrés Vázquez stated that:
“After having done a great deal of work on government transparency, we believe that the municipality should take care of the security and continuity of the published data. An issue that is not on the agenda of most of the country’s municipalities, but given the degree of progress we have in the publication of data, our municipality is in a position to think about these challenges.”
Bitcoin and Ethereum Blockchains; Córdoba’s choice
Being the most prevalent, secure, stable, and with the most number of noteworthy developers, the blockchains of Bitcoin and Ethereum were picked by the Córdoba Municipality. As of now, the specified blockchain would contain information and details of the Urban Planning Repair Fund 2016, the Trust Fund for the Sanitation of the Sanitary and Sewerage Infrastructure (2013-2016), the financial plans of the years 2017 and 2018 as well as the sworn proclamation of Mayor Ramon Javier Mestre for the present year.
The municipality will be collaborating with various famous tech organizations such as Qubistry, Signatura, and Ayi & Asociados. Vázquez also said that “Blockchain technology in Córdoba’s Municipality aims to avoid this or future governments to modify or eliminate critic data that has already been published,” “Other organizations will have the possibility to audit what we publish.” In order to verify that the hash of the archive coordinates with that in the blockchain, the legislature of Córdoba Municipality has set up an online instructional exercise to check the wellspring of the productions transferred onto the blockchain.