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Homepage > News > Business > Buenos Aires issues blockchain ID to 3.6 million residents Argentina has been setting the pace in Latin America with digital asset adoption for years and ranks in the top 20 markets globally. The country’s capital, Buenos Aires, is looking beyond digital assets and onto the blockchain, recently rolling out a decentralized digital identity for over 3.5 million residents. This week, the city of Buenos Aires announced the integration of a decentralized identity (DID) solution into miBA, the government app that allows residents to manage their data, transact, access personal documents, and verify their identity. According to the announcement, the integration was at the start of the month, issuing DIDs to the 3.6 million users of miBA. Decentralized identities have become increasingly popular as more people seek greater control over their digital presence. However, so far, they have been a preserve of the private sector, where industry leaders like nChain have pioneered innovative DID products that are secure, private, and verifiable.  Some cities have experimented with blockchain IDs; in Switzerland, Zug first issued DIDs in 2017, while in the U.S., the Texan city of Austin has been using DIDs to help the homeless access government and health services. However, these initiatives have been limited to a few thousand people in a controlled and closed ecosystem. Buenos Aires is going big. The new system, dubbed QuarkID, will be accessible to millions and cover over 60 documents—from birth certificates and driver’s licenses to tax documents—on the miBA app. For the end user, nothing will change in how they access the app. However, blockchain will power the app under the hood and offer residents greater control over their identity.  According to ZKSync, the company whose technology the new solution runs, residents can now share and verify their identities and other credentials peer-to-peer without involving any third parties, including the government. It also allows users…

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Filed under: News - @ October 28, 2024 9:21 am