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Brazil Launches a Blockchain Network to Better Trace Public Expenditures

Brazil is leveraging the decentralized nature of the blockchain technology to fight corruption on public expenses.

On May 30, Brazil’s new government blockchain network went live thanks to a cooperation agreement between the Court of Accounts of Uniam (TCU) and the Brazilian Development Bank (BNDES).

The launch event was live-streamed on the official YouTube channel of the Court of Accounts of Uniam (TCU). The event’s focus was to discuss the technical aspects of the project based on the experiences of several guests (public officials, company executives, and representatives of university institutions).

Source Cryptopotato

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