Brazil’s Central Bank Plans Blockchain Data Exchange for Regulators
Brazil could soon have a new blockchain platform to ensure the authenticity of information exchanged between the country’s financial authorities.
Brazil’s central bank, Banco Central do Brasil (BCB), announced Tuesday that it has built the platform in order to allow secure data sharing between itself and other domestic financial regulators, such as the country’s Superintendency of Private Insurance (SUSEP), the Brazilian Securities and Exchange Commission (CVM) and National Superintendency of Complementary Pensions (PREVIC).
In its release, BCB credits blockchain technology for its ability to provide a horizontal network of information, as well as immutable data storage.
Read More: CoInDesk
