They show cases of the use of blockchain technology in the public sector of Colombia

This Wednesday, November 4th, the third day of the Blockchain Summit Latam 2020 continued, which focused on this opportunity to hold talks in the area “Government and business“To evaluate use cases that could be done in the region, particularly in Colombia.

Among these planned presentations was one entitled “How can blockchain support the transformation of the public sector?”, Carried out by the Colombian Mauricio Toro, Co-Director of InTIColombia.

To start and make an introductory point, Toro has shown that there is a major “trust” problem in society today, and has pointed it out The Latin America region has one of the highest levels of distrust. He also stressed that the serious trust problems we can see in society correlate with per capita income.

They show cases of the use of blockchain technology in the public sector of Colombia
They show cases of the use of blockchain technology in the public sector of Colombia

Given this situation, Toro notes that The use of blockchain technology can be useful for various public processes as it could provide more security and transparency in the records and actions taken by the state.

In particular, and in practical cases where they have worked with the Colombian government, Toro has focused on showing how Blockchain technology can be a useful tool for any public tendering process and can serve as an immutable and public record so that any citizen can review and detail government contracts. All of this, as stated at the beginning, enables the identification and prevention of corruption within the public procurement processes.

Likewise, the Colombian has shown how useful blockchain technology is to keep and thus enable the entire issue of real estate records public documents that ensure that people’s property cannot be changed. He also explained with the application of the blockchain that it can be better documented who the officials are who are responsible for changes to the land return procedures carried out in Colombia, an element with which they want to reduce cases of corruption in this sector.

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