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The city of São Paulo included the term blockchain in the new City Data Access and Transparency Act, which was approved in early January, with a definition of the technology that underpins cryptocurrency, as a sign that it can be adopted in the city. The information comes from a report by Valor.
The definition of blockchain technology appears in article 3 of Chapter II of the law 17.901/23, in the section provided for bringing out the definition, principles and objectives of the law.
The text then defines blockchain as “a technology equivalent to a shared and immutable ledger that facilitates the process of recording transactions and tracking assets on a computer network”.
In the following paragraphs, the law explains that data in blockchain format “is data resulting from transactions on a blockchain network without any risk of alteration and/or fraud”.
Generic blockchain definition?
Attorney Marcelo Castro, of Machado Meyer’s office, commented to Valor that the definition of blockchain in municipal laws is generic and does not address how the technology can be used by city halls, secretariats, municipalities and state-owned companies. Therefore, it is not known what the town hall’s purpose is in bringing this definition into law.
“The agency acknowledges [blockchain] beneficial in economics, however, no specific orders saying how the technology will be used in schedules or planning carry an enormous risk of getting lost in a dead letter of law,” he told the paper.
The generic tone, however, was maintained by the author of the law, Maria De Carli, advisor to councilor Cris Monteiro (Novo). He told Valor that if the Legislature passed a very specific decision to the text about how city governments should use blockchain technology, confusion could arise among the Forces.
“Brush the blockchain is to open debate, but without layering it. The legislature has to show good initiatives and projects to the Executive. If we manage to show innovative projects every day, the town hall will adopt them. We don’t want to hurt the power of the Executive. We do not have the competence to suggest sharply what we want the city hall to do, ”he concluded.
Nonetheless, he said that blockchain technology could be an ally in fighting corruption in city government, as well as ensuring that transparency rules were adhered to.
In a note to Valor, the city of São Paulo clarified that it “has no aim of implementing something that is ineffective based on practical necessity”, but “pays attention to new technologies and is aware of the main trends and implementation of technological solutions based on them”.
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The SP City Hall post defines the blockchain concept in a new municipal law that first appeared on the do Bitcoin Portal.
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