Argentina to launch blockchain platform for public and private sector

A number of Argentinean organizations are teaming up to develop a multi-service blockchain platform.

NIC Argentina, the Argentine Internet Chamber of Commerce (CABASE) and the Universities Association for Interconnection Networks (ARIU) are collaborating to develop the Federal Blockchain of Argentina (BFA).

The BFA is a collaborative initiative which includes the public sector, academia, and the private sector. The objective is to enhance the processes of public and private sector organizations throughout the country.

The project’s first stage has been already launched and involves infrastructure development comprising of a farm of 15 distributed servers and the development of a framework to run user applications.

The multi-service platform will run a number of public and private applications for contracts, transactions, and other compatible operations. The platform has been designed to operate strictly without associated cryptocurrency.

The Epoch Times reported that the BFA will be immutable, meaning that it cannot be erased or changed. The project partners seek to empower citizens by providing a reliable, trusted, and verifiable digital ledger, which removes the need for intermediaries.

Argentina is a home for nearly 30 registered blockchain-based startups, including Ripio, WayniLoans, and Signatura.

The BFA is expected to be operational before the end of this year.