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In the recent survey made by  DMEXCO which was presented at an event in Cologne, Germany, popped out the question of suffering in the economy because of the COVID-19 pandemic and mentioned that the digital economy might be of great benefit. As per the survey, the COVID-19 pandemic has escalated the rhythm of digital transformation. 

The major benefit of the digital transformation is that it can bring new solutions, presenting unimaginable possibilities. This thing is mostly valid in digital services provided by governments with the potential for innovation in the sector is massive.

Having the same thinking, Brazil forwarded its Digital Government Strategy via the Decree 10332/2020 this week. With the DECREE, the Brazilian government has set guidelines for the transformation of digital services, the unification of digital channels, and the development of interoperability between systems. 

Look at the main goals for Brazil’s digital government strategy:

  1. Catering intuitive and plain public digital services, presented on a single platform.
  2. It wants to promote the integration and interoperability of governmental databases.
  3. To implement the General Data law.
  4. To make digital citizen identification available.
  5. To optimize information technology infrastructure.

The main goal suits in a blockchain structure context. Hence, from April 28, in the Annex to the Decree 10332, the Brazilian government targeted the use of blockchain as their primary goal for achieving the expansion of digital government services in Brazil. For more information, call on Blockchain support number which is functional and the team is ready to help you out.

Exclusive advantages of blockchain/DLT structures not present in other technologies 

To solve the double-spending error, blockchain structure comes in, referring to the fact that one can copy digital transformation via the internet. For example, a person is transferring a digital asset via a representative document of car ownership to the other person, there would a risk of the sender delivering this document through the internet, at the same time, maintaining the original document of ownership. 

In traditional methods, the double-spending issue is run by third parties or trusted administrators, like organizations, corporations, and financial institutions that act as a centralized authority for authenticating trust, controlling every transaction. With the development of blockchain architecture, the accountability of validating the real transfer of an asset to an entire network includes no dependency on traditional trust validators or a centralized authority. Therefore the burden of settling the actual shipment of an asset to the whole network has shifted to designed mathematical algorithms, also called consensus protocols. This process eliminates or almost reduces the need for centralization trust validators and other intermediaries. Call on Blockchain customer care number which is active and users can talk to the team to generate fruitful results. 

On blockchains, a value transfer is recognized by the network through a consensus protocol, allowing users for a peer-to-peer network to authenticate transactions and update the ledger in the entire network. The consensus protocol is done with establishing trust by assuring that the value made in the blockchain network is real and accurate, unlike the traditionally established system where an administrator in a centralized network is necessary. It is required to mention that there has been no clear consensus in the distributed ledger technology and blockchain technology.