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The city of Buenos Aires will deploy a number of Ethereum validation nodes in 2023. The statements were made by Diego Fernandez, secretary of innovation and digital transformation of the city, who clarified that this deployment will pursue exploratory and regulatory purposes and will help the city to develop cryptocurrency regulations .
More and more cities are including cryptocurrency and blockchain projects as part of their development and growth plans. Buenos Aires will reportedly deploy validator nodes for the Ethereum chain in 2023. Diego Fernandez, Secretary of Innovation and Digital Transformation in the city reported this at ETH Latam, an Ethereum-centric convention taking place in the city.
Fernandez clarified the city’s interest in running these nodes was for an exploratory purpose and that they expected that running these nodes would allow them to have a deeper understanding of the Ethereum chain to better regulate crypto assets.
The nodes will be distributed in collaboration with private companies, they will be the ones who distribute the hardware to establish these nodes. The secretary did not provide more information on how many nodes would be deployed or the specific date of this deployment program.
But with this move, Buenos Aires would be one of the pioneer cities in Latam to host its own cryptocurrency nodes.
This interest in cryptocurrency and blockchain structures is not new. Buenos Aires has been interested in and proposed cryptocurrency-centric solutions since earlier this year. The city announced it would allow residents to pay taxes with cryptocurrency last April. The initiative was reported to be part of a program to automate and digitize some of the functions of the city.
The government is also working on a platform to bring the identity of citizens to a blockchain-based system. The platform, denominated TangoID, has been worked on since March last year. The Buenos Aires government expects this system to be operational by January 2023.
On this development and its goals, Fernandez stated:
The goal of the project is to build, in consensus with the community, a system of digital interaction, starting with the exchange of documents and personal identification.
The project, which already has a whitepaper available for the community to read, promotes the concept of self-sovereign identity and will run on top of Starkware, a layer 2 Ethereum protocol.
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