The Minister of Economy and presidential candidate of Unión por la Patria, Sergio Massa, proposed to promote the blockchain technology. It would be to provide more transparency in the activities of citizens with the State, in case they win the second round of elections to be held on Sunday, November 19.
The Minister of Economy was interested in using new technological tools to control the State and announced it on his tour of Patagonia a few days before the runoff.
“We have to build this stage in which ethics, integrity, the fight against corruption, spending control and transparency are part of our work agenda within the framework of a government of national unity. We live in the age of communications. I want every Argentine to be able to control the State accounts online from their cell phone. That each of the Argentines have their blockchain when interacting with the State,” the official explained.
“In this planning that the State must have, in addition to a blind application mechanism between the contracting party and the contracted party, there must be a certain payment date in the bidding process itself, in the contracting process itself, and in the award process itself. . Because blockchain also gives traceability, gives certainty to the contracting party with the State and controls public spending,” he added.
5 days after the crucial definition with Javier Milei for the presidency of Argentina, Sergio Massa signed a public commitment to transparency. In addition to proposing that the Anti-Corruption Office (OA) be directed by an opponent, the official confirmed the sending to Congress of a new Ethics Law.
What is a blockchain?
Blockchain can be understood as a gigantic ledger that records all money transactions, but in this case, it does so using a completely secure coding system for users who execute operations with cryptoassets.
Although Blockchain was born as the coding system behind the creation of Bitcoin (BTC), the first cryptocurrency that emerged in 2009 and which has become widely known and usedits potential was quickly evident.
This technology uses advanced cryptography techniques to safeguard each transaction. Through this resourcedigital assets, such as cryptocurrencies, They are safely protected in each digital wallet, with an additional layer of security. This is because all operations must be verified by the network before being confirmed.
Massa’s proposals: digital currency and crypto mining
Sergio Massa proposed the implementation of a digital currency for Argentina. The Minister of Economy did not specify further details regarding this initiative, but everything suggests that it would be a version promoted by the central bankthat is, a CBDC.
It is worth remembering that the current president of Argentina, Alberto Fernandez, signed a decree (207/22) that changes the statute of the Mint and enables the possibility of issuing a CBDC. Massa’s words were part of the proposals raised in the first debate of presidential candidates.
Added to this is that the official candidate has also publicly shown his interest in mine cryptocurrencies with gas from the main unconventional hydrocarbon field in Argentina. Is about “Dead cow”a shale geological formation located in the Neuquén basin.
Source: Ambito
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