July 21, 2024
Buenos Aires pioneers blockchain integration
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Buenos Aires Announces Blockchain Integration for Digital Identity Access

Buenos Aires, the capital of Argentina, is taking a significant step toward integrating its administrative processes with blockchain technology. As of October, the city’s population of 15 million residents will have the capability to access identity documents via a digital wallet, as announced on September 28.

The initial set of documents to be made available on the blockchain will encompass birth and marriage certificates, as well as proof of income and academic credentials. The announcement further outlines plans for the future integration of health data and payment management. A comprehensive roadmap for the nationwide deployment of this blockchain-based solution is slated to be established by the conclusion of 2023.

Powering the foundational infrastructure of this project is QuarkID, a digital identity protocol developed by the Web3 company Extrimian. QuarkID wallets leverage zkSync Era, an Ethereum scaling protocol employing zero-knowledge rollups (ZK-rollups). This technology enables one party to verify the truth of a statement to another party without disclosing specific information about the statement itself. Guillermo Villanueva, CEO of Extrimian, remarked by saying that this marks a significant stride towards a more secure and efficient future for government services in Latin America. Information stored within these wallets will be self-sovereign, granting citizens control over the release of their credentials when engaging with government entities, businesses, and individuals. zkSync Era will serve as the settlement layer for QuarkID, ensuring that each citizen possesses accurate credentials.

Both the Argentine government and the City of Buenos Aires envision their digital identity framework as a public asset. Diego Fernandez, Buenos Aires’ secretary of innovation, commented, “With this development, Buenos Aires becomes the first city in Latin America and one of the first in the world to embrace and champion this new technology, setting the standard for how other countries in the region should harness blockchain technology for the betterment of their citizens.”

Argentine authorities are also examining a similar initiative within the country, namely the Worldcoin digital ID project. In August, local authorities initiated an inquiry due to privacy concerns related to the collection, storage, and utilization of customer data by Worldcoin.

Worldcoin has faced scrutiny not only in Argentina but also in Europe and Africa following its global launch in July. The project, founded by Sam Altman, co-founder of OpenAI, employs retinal scans for user verification.

Image by pixabay

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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