City Of Sao Paulo Will Use Blockchain Technology On Its Public Works Registry

cryptowarrior88 (59)in #cryptocurrency • 5 years ago

Construtivo is a blockchain firm contracted by the Municipal Secretariat of Urban Infrastructure and Works of the Brazilian city of Sao Paulo to create a blockchain solution for the registry of public works projects.

The initiative aims to make public works projects more transparent after pas inefficiencies that cause the closure of several bridges and roads due to poor condition despite significant public funding in constructing them.

Marcus Granadiero, the president at Construtivo states that with the use of their platform stakes holders will be able to get access to project-relevant data.

He also adds that by putting the information in the Blockchain the municipal government can identify the source of problems that may surface years after a project’s completion.

This was made possible due to the nature of distributed ledger technology like blockchain, a technology that provides an immutable and tamper-proof record of all important transactions within a project.