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dc.titleTech Report: Blockchain
dc.contributor.authorPardo, Alejandro
dc.contributor.authorLatorre, Lucia
dc.contributor.authorAllende, Marcos
dc.contributor.authorLeal Batista, Antonio
dc.contributor.authorGutierrez, Mariana
dc.contributor.authorPuerto, Fernando
dc.contributor.orgunitTechnology and Transformation Department
dc.coverageLatin America and the Caribbean
dc.date.available2023-09-01T00:09:00
dc.date.issue2023-09-01T00:09:00
dc.description.abstractThe IDB Group has embraced and promoted the adoption of blockchain technology in the region. In order to develop the blockchain ecosystem in Latin America and the Caribbean, IDB Lab and IDBs Technology department founded LACChain in 2019, a global alliance between stakeholders from the public and private sectors to create an enterprise and government grade blockchain infrastructure suitable for real life solutions. Some of the most relevant applications for the public and private sectors include transparency in procurement processes, transparency and verification of supply chains, health certificates, academic diplomas, and digital assets. Across the world, institutions and organizations are taking advantage of blockchain technology to move forward their business and development goals. These include the Ministry of Labor in Peru creating a system for the verification of graduate certificates called Certijoven; Climate Trade a company that aims to empower large-scale decarbonization, created a system to track the offsetting of carbon emissions in Bolivia, and Colombias financial superintendency and central bank approved the issuance of the first blockchain-based bond in the LAC region.
dc.format.extent17
dc.identifier.doihttp://dx.doi.org/10.18235/0005109
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Tech-Report-Blockchain.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Tech-Report-Blockchain.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectBlockchain
dc.subjectExponential Technology
dc.subjectDigital Identity
dc.subjectConflicts Resolution
dc.subjectScience and Technology
dc.subjectDisruptive Innovation
dc.subjectDigital Technology
dc.subjectLACChain
dc.subjectTransparency and Anticorruption
dc.subjectTechnology Access
dc.subjectFinancial Bond
dc.subjectTechnology Transfer
dc.subjectService Provider
dc.subjectInnovation
dc.subjectPrivate Sector
dc.subjectSupply Chain
dc.subjectStakeholder Ecosystem
dc.subject.jelcodeO32 - Management of Technological Innovation and R&D
dc.subject.jelcodeO33 - Technological Change: Choices and Consequences • Diffusion Processes
dc.subject.jelcodeO35 - Social Innovation
dc.subject.jelcodeO38 - Government Policy
dc.typeLearning Materials
idb.identifier.pubnumberIDB-LM-00601
idb.operationBK-C2016
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