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A new member of the Stellar Foundation would prefer industry growth to holding or trading assets

April 24, 2020

Ronaldo Lemos, Professor of Public and International Affairs, recently a member of the Stellar Development Foundation (SDF) He said his personal interests are more in line with the growth of the industry than holding or trading assets.

“I’m more interested in using cryptocurrencies as a tool to improve public institutions.”Lemos told Cointelegraph when asked about his cryptocurrency holdings and trading activities.

Lemos has worked with blockchain for government use cases

The teacher detailed A concrete example of their blockchain efforts, including working on signature verification using blockchain technology.

A new member of the Stellar Foundation would prefer industry growth to holding or trading assetsA new member of the Stellar Foundation would prefer industry growth to holding or trading assets

“I am one of the co-founders of Mudamos.org, a blockchain-enabled platform that allows Congress citizens in Brazil to propose digital signature bills,” Lemos said, adding:

“With Mudamos, we have finally enabled six new laws in Brazil at state, local and federal levels.

Work with Stellar

Lemos wanted to sensitize the team to Stellar in general and expressed his enthusiasm for blockchain technology. “With every new technology, it takes time to develop the network effects that will lead to widespread acceptance. However, it is worth waiting for when they can change life, as Stellar does.”he said.

With regard to accessibility issues and other difficulties, the new SDF Board member described the current financial system as outdated worldwide. He pointed to Stellar as a solution.

“From the beginning of my work in blockchain technology, I’ve always thought that it has tremendous institutional potential, such as building better digital IDs, better KYC processes, and improving government services.”Lemos added, referring to the Know Your Customer practices.

Cointelegraph Brazil reported on the Mudamos de Lemos project in 2019 and explained the efforts for efficiency.

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