Fun

Buenos Aires Might Implement Blockchain Systems to Make Social Aid Payments

News Feed - 2022-09-12 04:09:51

Buenos Aires Might Implement Blockchain Systems to Make Social Aid Payments


Dario Nieto, a lawmaker in the city of Buenos Aires, has introduced a bill that would use blockchain systems to make social aid payments in order to bring clarity to these activities. Nieto has complained about the different intermediaries that use these social campaigns to make money and how introducing blockchain might eliminate these activities. Social Aid Blockchain Law Introduced in Buenos Aires


Many systems are using blockchain due to the traceability that this tech might bring to any implementation. Senator Dario Nieto, a lawmaker for the city of Buenos Aires, is proposing to use blockchain as a fundamental part of a system to manage social aid payments. For this, he introduced a bill that would bring many of the activities derived from these programs to an end.


In his view, payments coming from social aid programs are used regularly by different intermediaries to make money or to force recipients to participate in political activities. On this, Nieto stated: The management of social plans has become a huge apparatus used to do politics, with which the leaders of social movements extort people with abusive practices, such as asking for money returns, a percentage of the plan, going to march and block streets.


According to Nieto, blockchain tech might help in this regard, making every payment traceable and putting middlemen out of the equation. He explained: With blockchain, the money leaves the Ministry of Social Development directly to the beneficiary, without asking for voluntary contributions, without favors such as attendance controls at pickets or marches. A City Married With Blockchain


This is not the first time that Nieto has introduced a blockchain-based bill. The lawmaker already introduced a bill that would use blockchain tech as part of a system to control state purchases and contracts.


Buenos Aires is a city that has embraced blockchain as a part of its structure. As part of a modernization program, the city is currently in the final stages of implementing a blockchain-based ID system called TangoID. The government of Buenos Aires has declared that it aims to have it working by January 2023.


In August, the city declared that it will run Ethereum nodes with the objective of learning more about the chain for regulatory purposes. In April, the city confirmed its plans to accept cryptocurrency for tax payments in 2023. Tags in this story Argentina, Blockchain, Buenos Aires, dario nieto, Ethereum, intermediaries, Payments, Regulation, social aids, state contracts, Taxes


What do you think about the latest blockchain bill presented in Buenos Aires? Tell us in the comment section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade NEWS | 3 hours ago Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants NEWS | 17 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleRussia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

News Feed

Mars4 Metaverse NFT Sale Raises Over $250K in a Day: The World’s First Virtual Mars NFTs Are Selling Rapidly
Mars4 Metaverse NFT Sale Raises Over $250K in a Day: The World’s First Virtual Mars NFTs Are Selling Rapidly sponsored Mars4 is a multi-tiered project that combines NFTs, Crypto a
Uniswap CEO weighs In on ethical token distribution
Amaka Nwaokocha11 hours agoUniswap CEO weighs In on ethical token distributionThe Uniswap CEO strongly disapproved of low float tokens, considering them malicious and his biggest pet peeve.7295 Total views22 Total shares
Mt. Gox repayment shakes crypto market, causing volatility
Shiraz Jagati10 hours agoMt. Gox repayment shakes crypto market, causing volatilityBitcoin faces immense volatility as Mt. Gox repayments flood the market.3257 Total views2 Total sharesListen to article 0:00Follow upOwn
MetaGods Raises $3M Investment to Develop Play-to-Earn 8-Bit Action RPG
MetaGods Raises $3M Investment to Develop Play-to-Earn 8-Bit Action RPG press release PRESS RELEASE.MetaGods, the world’s first play-to-earn 8-bit action role-playing game bu
Arkansas bills reining in crypto miners head for governor approval
Martin Young1 hour agoArkansas bills reining in crypto miners head for governor approvalArkansas Governor Sarah Huckabee Sanders is expected to sign the bills into law, which will regulate miners’ noise, water use and
YouNow Sees Strong Revenue Growth After SEC Approves Token Distribution
In a disclosure expected to be published Wednesday by the U.S. Securities and Exchange Commission (SEC), blockchain-based live-streaming company YouNow reported revenues have grown steadily since the release of its pr
Bitcoin Price Crash To $100,00 Loading: Next Targets Revealed As Bears Take Over
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
FTC Commissioner Cites Libra in Support of Fed’s Real-Time Payment System
The Libra cryptocurrency project should be sufficient motivation for the Federal Reserve launch a real-time payments system, a senior government official wrote Thursday. Federal Tra
Coinbase Focuses on Crypto and Web3 in India — Plans to Hire 1,000 for Indian Hub
Coinbase Focuses on Crypto and Web3 in India — Plans to Hire 1,000 for Indian Hub Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with In
Crypto execs on DeFi domain hacks: Don’t interact with crypto for now
Ezra Reguerra46 minutes agoCrypto execs on DeFi domain hacks: Don’t interact with crypto for nowCoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication
Ana Paula Pereira2 hours agoFederal Reserve of San Francisco hiring crypto architect for CBDC projectSan Francisco"s Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC).890 Total
You Can Now Get a Master’s in Blockchain From a School in (Where Else?) Malta
Malta, the “Blockchain Island” in the Mediterranean, has a government authority to certify distributed ledger platforms, regulations to manage smart contracts and a framework for launching ICOs.