Blockchain adoption is on the rise in Latin America as citizens in the region are increasingly inclined towards transacting using cryptocurrencies. The trend has been gaining traction since El Salvador became the first nation in the world to adopt Bitcoin as an official form of currency in 2021.
Can you explain why a national ID is a good possible use of blockchain from your point of view?
A national ID is inherently bound to a central authority, the nations government. What are the advantages of a blockchain in this scenario compared to a traditional central database?
Brazil and Argentina turn to blockchain for citizen ID rollouts (www.biometricupdate.com)
Blockchain adoption is on the rise in Latin America as citizens in the region are increasingly inclined towards transacting using cryptocurrencies. The trend has been gaining traction since El Salvador became the first nation in the world to adopt Bitcoin as an official form of currency in 2021.