In one of the coolest Web3-technology innovations of recent times, Latin America’s largest country (across many metrics) Brazil is launching a new blockchain-based digital ID system.

The move towards semi-decentralised data storage will see citizens’ identification documents stored on a private blockchain developed by Brazil’s national data processing service ‘Serpro’. 

With IDs stored on-chain, the Brazilian government for more streamlined operations across its separate Federal Revenue and government departments, with issues such as organised crime being targeted as an area in-need of improvements. 

“Blockchain technology plays a critical role in protecting personal data and preventing fraud, offering a more secure digital experience for Brazilian citizens. Utilizing the b-Cadastros blockchain platform significantly enhances the security and reliability of the National Identity Card project”- Alexandre Amorim, President of Serpro.

The states of Rio de Janeiro, Goiás and Paraná are touted as the first regions to implement the new on-chain storage system. After a successful launch phase, the innovation is then expected to be rolled-out across the country’s entire 214 million population come November 6. 

In launching such an initiative, Brazil follows in the footsteps of its Latin American neighbour Argentina (or more specifically, its capital Buenos Aires) which recently announced a similar ID system that involves documents being stored in digital wallets. 

It isn’t all bullish news however, as despite this adoption of blockchain tech, Brazil has a dreaded Central Bank Digital Currency (CBDC) dubbed ‘Drex’ in the pipeline. 

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This article is intended for educational purposes and is not financial advice.