CPQD research indicates evolution of blockchain in the Brazilian technological scenario

This article is from www.blocknews.com.br and the original article can be read here in Portuguese

Blockchain technology should be adopted within two years in Brazil, has a high perception of business impact and evolves in terms of maturity, according to the 2021-22 edition of the CPQD’s “Radar Conect-se com o Novo”.

Looking at different industries, blockchain technology shows different stages. For the IT and Financial and Services segments, the adoption should take place within the next two years and with a high impact on the business. However, while IT sees technology as conventional, the financial sector still has the perception of something nascent.

The CPQD survey, which prepares studies and offers solutions based on information and communication technology (ICT), provides a view of the Brazilian technological scenario based on an indication of perceived maturity, impact perspective and the period of adoption of the technologies evaluated.

According to the survey, the Telecom, Industry and Agribusiness segments see a high impact of blockchain, but with adoption between 3 and 5 years and initial maturity. Utilities, on the other hand, see the technology’s low impact on the business, initial maturity and adoption beyond five years.

In addition to blockchain, the research highlights the evolution of the perception of maturity in Privacy Protection Technologies and Smart Contracts, “possibly resulting from greater knowledge about the potential of their applications and the technological development of solutions for business environments”.

CPQD and blockchain

CPQD’s portfolio includes solutions that use blockchain technology. CPQD iD is a SaaS (Software as a Service) solution that allows the creation, verification and customization of a decentralized digital identity for people or assets and the adoption of additional credentials. The CPQD ATC (Asset Trace Chain) enables the traceability of assets (physical, logical, documents and transactions) along the production chain.

CPQD iD, for example, is part of the real digital use testing program, the LIFT Challenge Real Digital, a collaboration between the BC and the national federation of the bank’s servers, Fenasbac. “The objective is to provide a reusable, secure, password-free identity that adheres to the General Law for the Protection of Personal Data (LGPD)”, says the technical responsible for blockchain products at CPQD, Fernando Marino.

Another example of the company’s use of blockchain is a solution that uses the concept of decentralized digital identity applied to IoT devices, or internet of things. “We put a communication tunnel on top of the MQTT protocol (Message Queue Telemetry Transport, Iot protocol), through which the IoT device sends information to the application with blockchain-validated encryption. For this, we use the DIDComm protocol, which provides secure digital communication and identification in decentralized environments”, explains Marino.


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