The event was held at the Buenos Aires Convention Center and was attended by more than 100 exponents of the crypto ecosystem.
Diego Fernandezin a hand in hand with Ambit made reference to the use, in a first stage, of a layer 2 blockchain which is a technological solution that serves to make the main Ethereum network more scalable. This new advantage will streamline the number of transactions that can be carried out with cryptocurrency technology. According to estimates, The exchanges that could be generated with the new system would become 100 thousand per second instead of the current scarce 15.
Specific, Tango ID is about an innovative system that is being adopted in the world with the aim of making administrative procedures more efficient and secure; and that on the other hand, give people back sovereignty over their digital information.
“The City saw this absence of fully virtual data verification Y work on how to do for have a digital identification system and verifiable credentials so that they serve tomorrow with the same level of security as a IDa driver’s license or one deed to a housenamely any any documentation about which we have to be certain that it is inviolable and that it is what it is“, he expressed Diego Fernandez for this medium.
In relation to putting together the projectthe official maintained that this project it is not a government app, but to promote the development of a protocol that is open source, understood as one that can be used by any user, and has the advantage of having interoperability with any other protocol such as the one that is doing the government of england, The European Economic Community ocprivate companies like Polygon in the US. In addition, the secretary of innovation maintained that eThis work has been in progress for a year and became more relevant after the visit of Vitalik Buterimcreator of Ethereum, who is intimately related in recent times with the adaptation of these blochain technologies to revolutionize the daily and institutional activities that people do on a daily basis. For its part, Diego Fernandez recognized that the Ethereum leader last year, when he was introduced to this La Ciudad project, winked at the initiative.
Currently, Buenos Aires is one of the first places in the region where these systems are being promoted, nevertheless, at the local level, Vicente López and Luján are going to start using it, whose. “In order to be part of the ecosystem Ethereum, Buenos Aires seeks to promote private and public investment in blockchain projects, as well as to contribute to the security and decentralization of the network, and to develop and investigate an acceptable regulation that allows us as a Government to formally participate in these networks”said the secretary of Innovation.
As to How will this identification process be carried out? Fernandez Maintains that They implemented international standards defined by Cristofer Allen with the principles of self-sovereign digital identitythe openIDamong other protocols and based on it they summoned the actors of the local market, who were very interested collaboratively create the Tango ID.
“Today trust is not digital, it is physical, it requires a verifier, trust has an analog structure, it works and can be seen in the entities that issue credentials, the City of Buenos Aires that issues you a driving license, a bank that gives you a credit card or a club offers you a membership card, in those vouchers there is a standard such as the height and width of a wallet, and organizations in the world are going to go from making an app of each particular institution that provide their attestation, to move towards a model in which they will all issue credentials that follow international standards that each one will have in their wallet and be controllable by each one like physical wallets,” Fernández said..
One of the greatest benefits of this implementation in digital identification is linked with the saving bureaucracy. “It will allow us to get out of this history of digital silos, that is, data and certificates will be able to freely circulate between different government institutions, reducing the physical interventions carried out by the user,” added the secretary.
Finally, The precious benefit that this technology brings is to preserve the user by knowing sovereignty over the data that is published so that he himself decides who does it and how.
And in relation to when it will settle, the tentative date will arrive at the beginning of next year so that the people of Buenos Aires can enjoy its benefits and the citizens of those jurisdictions that continue to join this vision from now to 2023.
Source: Ambito
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