Buenos Aires wants to use blockchain for social plans

The Argentine city of Buenos Aires would like to use blockchain technology to make payments related to social plansor at least that’s the bill proposed by one of the city’s legislators.

Specifically, it is a senator Dario Nietowhich has introduced a bill to take advantage of the blockchain’s traceability and clarify the process behind social plans, which are the means used to plan the social policy of the territory in question, allowing the city to respond to the needs of the population in the best possible way.

Many intermediaries will process too many fees or use these funds to unauthorized activitiesfor example marketing.

In this regard, Nieto stated:

“The management of social plans has become a huge apparatus used to drive politics, with which leaders of social movements squeeze people out with abusive practices, such as asking for money back, a percentage of the plan, going to marches and blocking streets.”

For Nieto, this could be solved with blockchain, so that the funds collected are exactly used for its intended purpose.

Buenos Aires and blockchain technology

This is not the first time Nieto has used himself to introduce blockchain or crypto payments in the city of Buenos Aires.

Some time ago, the senator had proposed using the technology to control the city’s expenditures and contracts.

Previously, there had also been plans to create the so-called “Buenos Aires +,” where citizens would be able to pay taxes using cryptocurrencies as a payment method.

last April, Horacio Rodríguez Larretathe head of the government of Buenos Aires, announced a new plan for the Argentine capital, calling it “Buenos Aires +”, and among the many proposals was to pay taxes in cryptocurrencieswith the aim of creating a more digital and smart city.

Part of the program also includes the creation of a blockchain-based ID system called Tango ID, which the city council is working to have in place by January 2023.

Argentina and the opening to cryptocurrencies for payments and more

Meanwhile, also in Argentina, the western South American province Mendoza has decided to accept Bitcoin and other cryptocurrencies for tax payments.

Already last year, a bill was put forward in Argentina that would have introduced salary payments in Bitcoin and cryptocurrencies. Later, the country’s president indicated that he was open to the idea of ​​adopting Bitcoin and introducing a Central Bank Digital Currency (CBDC) issued by the country’s central bank.

Also, in April 2022, Argentina considered the use of Bitcoin specifically to curb a seemingly unstoppable rate of inflation, much like what had happened in Venezuela.

Unfortunately, however, the Central Bank of the Argentine Republic had later declared that it would put an end to it crypto tradinglaunched just four days earlier by other Argentine banks.