Is Blockchain used in Brazil?|As Brazil advances the implementation of a new national identity card, to add an extra layer of security to data sharing across the federal revenue service and civil identification bodies.the government has developed a blockchain network
Is Blockchain technology currently being utilized in Brazil? It seems intriguing that, as Brazil presses forward with the rollout of a revamped national identity card, they've opted to incorporate blockchain into the process. This decision presumably aims to bolster the security of data exchange between the federal revenue service and various civil identification entities. Could you elaborate on the specifics of this blockchain network? How does it function, and what are the anticipated benefits it brings to Brazil's data security measures? Additionally, do you believe this could potentially pave the way for wider blockchain applications in the country's financial sector or elsewhere?