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Episode #120: Brazil's Blockchain Network with Gladstone Arantes of BNDES
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Olá pessoal!
This week’s interview is with Gladstone Arantes, Blockchain Specialist at BNDES (Brazil’s national development bank). We discuss the groundbreaking Brazil Blockchain Network (RBB in Portuguese) project, which is a public-permissioned blockchain aimed at enhancing transparency and trust in government operations.
Key Highlights:
* RBB is a public permissioned blockchain that allows public read access while restricting transaction validation to authorized entities
* The project aims to address the global issue of declining trust in institutions, particularly acute in Brazil
* Diverse stakeholders include BNDES, Federal Court of Accounts (TCU), several state-level entities, and research institutes
* RBB is built on Hyperledger Besu, the same technology as the Drex CBDC project being developed by the Brazilian Central Bank. This means there will likely be future interoperability between the two networks.
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Potential public sector use cases and applications of RBB include:
* Tracking public funds
* Verifying educational diplomas
* Managing organ transplant waitlists
Key Takeaways:
* Trust Through Transparency: RBB seeks to rebuild trust in government operations through operational transparency and "compliance by design" via smart contracts.
* Decentralized Governance: The network's diverse participants enhance its decentralization and trustworthiness.
* Balancing Act: RBB aims to balance the need for transparency with regulatory compliance and data
Published on 1Â year, 2Â months ago