Crypto News

The Brazilian Bank will create an Ethereum-stabilin to win the trust of users

The Brazilian national Bank of social development in January 2019 will launch a pilot project token BNDES, built on the basis of Ethereum. It is known that stabilin will be equal to the rate of 1k1 to the national currency of the country. The main consultant during the works will be the blockchain startup ConsenSys, – this writes CoinDesk .

As a pilot it is planned to provide several hundred tokens BNDES for the National Agency for cinematography for the organization of the progress of the screenplays on the market.

“We can form rules through smart contracts. The company that gets the money, can spend it only in the organizations working in film sector,” said the Manager of systems development project BNDES Vanessa Almeida.

Thanks to the open data on the blockchain representatives of the company hope to “erase” his notoriety, which came as a result of exposing employees of the organization in corruption.

The process will use electronic identification certificates of the National registry of taxpayers that are already widely used by Brazilian companies as official registration documents.

Before blockchain took
armed with the company from the United Arab Emirates UAE Exchange. With the help of Ripple developments, they formed a channel for the implementation of cross-border transfers in Asia.

Source:cryptofound.com
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