In
Brazil, the state of Bahia has launched a blockchain application to
track the process of public bidding on government contracts, according
to a report by Cointelegraph Brazil on July 12.
The blockchain-based solution,
called Online Bid Solution (SOL) was reportedly developed by Cayenne
Technology and Design. Bids will reportedly be completely transparent
and secure due with the application of blockchain tech.
According
to Bahia government, the intended beneficiaries of SOL appear to be the
Brazilian agriculture industry. The solution is designed to help connect
agriculture organizations in Bahia with suppliers and workers
throughout Brazil, as well as provide transparency on the contract
bidding process.The state of Bahia said that there are over 1,000
organizations projected to use SOL:
“The application,
already available in the Play Store and the Apple Store, will be used by
about 1,100 agricultural associations and cooperatives in the states of
Bahia and Rio Grande do Norte, under the Bahia Productive and Governo
Cidadão, financed through a loan agreement between the state governments
and the World Bank.”
As previously reported
by Cointelegraph, the Brazilian coffee farming cooperative Minasul
announced plans to issue a blockchain token for coffee farmers. Farmers
will reportedly be able to earn tokens as a reward for harvesting coffee
beans, and use the proceeds to purchase a variety of goods. This is
purportedly a useful economic system for the farmers, since this method
of financing does not require registration in a notary’s office.
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