This article is from www.blocknews.com.br and the original article can be read here in Portuguese
Next Monday (30), the Federal Court of Auditors (TCU) and the National Economic and Social Development Bank (BNDES) officially launch the Brazil Blockchain Network (RBB). The focus is on the security and transparency of activities and contracts of public and private institutions of public interest, according to the court.
The network will connect institutions across the country. According to the TCU, the governance structure and technology infrastructure are expected to facilitate blockchain adoption in the public sphere. Potential participants will be potential participants who are already experimentally using the network. To enter the network, it is necessary to present the Term of Adhesion, which will be evaluated by the project’s governance team, made up of members from TCU and BNDES.
Gladstone Arantes, head of blockchain initiatives at BNDES, pointed out that “RBB” will run on Hyperledger Besu 2.0, a system with a consensus protocol based on proof of authority, in which there will be no mining. The objective seems to be to simplify the network by maintaining a layer of control with state agents.
The Network is a project in Hyperledger Besu 2.0, which uses the Proof of Authority (PoA) consensus system. In it, the algorithm is based on reputation, that is, the risk is not in losing in cryptocurrencies. Validator nodes are selected by network members.
In addition to BNDES and TCU, Dataprev, Prodemge, the innovation laboratory of the Inter-American Development Bank (IDB LAB) and PUC-Rio also participate in the project.
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