Buenos Aires Could Implement Blockchain Systems To Make Welfare Payments CryptoBlog

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Dario Nieto, a Buenos Aires city legislator, introduced a bill that would use blockchain systems to make welfare payments to clarify these activities. Nieto complained about the various intermediaries who use these social campaigns to make money and how the introduction of blockchain could eliminate these activities.

Blockchain Welfare Law is introduced in Buenos Aires

Many systems use blockchain because of the traceability this technology could bring to any implementation. Buenos Aires City Legislator Senator Dario Nieto proposes using blockchain as a fundamental part of a welfare payment management system. To do this, he introduced a bill that would put an end to many of the activities stemming from these programs.

According to him, payments from social assistance programs are regularly used by different intermediaries to make money or force recipients to participate in political activities. About this, Nieto said:

The management of social plans has become a huge device used to do politics, with which the leaders of social movements extort people with abusive practices, such as asking for money back, a percentage of the plan, going to parades and blocking streets.

According to Nieto, blockchain technology could help in this regard, making every payment traceable and excluding middlemen from the equation. He explained:

With blockchain, the money leaves the Department of Social Development directly to the recipient, without asking for voluntary contributions, without favors such as attendance checks at picket lines or marches.

A city married to the blockchain

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

Buenos Aires is a city that has adopted blockchain in its structure. As part of a modernization program, the city is currently in the final stages of implementing a blockchain-based identification system called TangoID. The Buenos Aires government said it aims to have it up and running by January 2023.

In August, the city said it would operate Ethereum nodes in an effort to learn more about the chain for regulatory purposes. In April, the city confirmed its intention to accept cryptocurrency for tax payments in 2023.

Keywords in this story

Argentina, Blockchain, Buenos Aires, dario nieto, Ethereum, intermediaries, Payments, Regulation, social benefits, state contracts, Taxes

What do you think of 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 in the game, entering the cryptosphere when the price spike happened in December 2017. Having a background in computer engineering, living in Venezuela and impacted by the cryptocurrency boom at the social, it offers a different point of view. on the success of crypto and how it helps the unbanked and underserved.

Image credits: Shutterstock, Pixabay, Wiki Commons

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