Technology against corruption: Brazil will use blockchain to manage and track public spending

The application of blockchain technology takes the government and other institutions out of the roles of accountability to society.

RIO DE JANEIRO, BRAZIL - Investtools, a fintech company from Rio de Janeiro that specializes in cryptoactive solutions, recently announced that it has received a million-dollar investment from several institutions to accelerate the development of GOV Token, a platform that will use a blockchain network to record and enable transparent tracking of public spending.

The application of blockchain technology takes the government and other institutions out of the roles of accountability to society. The information is embedded in a network with no single central control, within the reach of all users and, of course, the public.

Amid so many cases . . .

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