Brazil issues national on-chain digital ID

What about privacy?

Dear Reader, Looks like Brazil's "identity crisis" is over thanks to blockchain. A national ID project is rolling out across the country's 26 states. The plan is to make it easier for authorities to target organized crime.  While at the same time, allowing for more streamlined access to government data, services and records.  Under the new initiative, the country's 214 million citizens will have their identities digitally documented by November 6.  The first states to test the program — through a private blockchain developed by Serpro, Brazil's national data processing service — are Rio de Janeiro, Goiás, and Paraná A recent government-issued statement noted that adopting an on-chain digital ID will also lead to more secure data exchange between the Federal Revenue and government departments. The combination of a digital ID along with the country's imminent release of a central bank digital currency has many wondering. Will privacy be a thing of the past?  We'll see.   Blockchain technology has long been a staple of crypto trading.  Cointelegraph Markets Pro relies on both blockchain and AI technology to identify great crypto trades and send daily alerts to members. Regards, Max K. Markets Pro Team © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.