Join the larget crypto conference of 2022 in Bitcoin


Brazil seeks to tokenize mined gold on blockchain

1
(59)
Brazil seeks to tokenize mined gold on blockchain 4

Joenia Wapichana the Brazilian Federal Deputy has recently proposed a new draft law that aims to tokenize the gold that is being currently mined in the country by implementing blockchain technology.

The gold mining activities that are being carried out in the country should be accounted for, as suggested by Wapichana, the proposed bill also plans to target the precious metal and their transportation transactions and bring new legislations.

Reportedly this proposed bill will also help curb illegal mining activities within the country.

The lawmaker reportedly pointed out that nearly half of the country’s gold is mined illegally and that such uncontrolled and illegal mining activities worsened the environmental impact of mining in the region.

“These activities often increase the mercury pollution, violence, and deforestation, as the national and international media and civil society organizations fighting to protect forests and guarantee the rights of indigenous peoples.”

Wapichana said that he believes that with the implementation and usage of blockchain technology the country will be able to track the mining industry.

As per Wapichana, “The National Mining Agency can implement a single digital system to keep track and securely record all the transactions using blockchain-based technologies”.

Moving forward the lawmaker didn’t specify the blockchain network he would prefer for the implementation during the tokenization process.

The proposed bill is a new potential use case of blockchain technology in Brazil and although it’s not the first time a country has used blockchain technology to track and keep records of its natural resources.

The Central African Republic also recently revealed that it is considering tokenizing its natural resources reserves. The pro-Bitcoin realm hopes to tokenize resources so that it could reach more segments of people and they can have easy access to them.

Colombia has also taken a similar approach and has integrated a digital land registry built on Ripple’s XRPL ledger into their National Land Registry. They aim to solve their land issues with the help of blockchain-implemented solutions.

Read also: CoinCenter may file a case against the sanction imposed on Trondado Cash

Brazil seeks to tokenize mined gold on blockchain

 

https://bitcoinik.com/brazil-seeks-to-tokenize-mined-gold-on-blockchain/feed/

https://bitcoinik.com/brazil-seeks-to-tokenize-mined-gold-on-blockchain/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

🚀🚀Get ready for the biggest ICO of 2022.
✅ICO Round 1 is Live
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008

👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.

🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀

👩🏻‍💻For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://koinswap.io/register?referralcode=CFxqfP
▬▬▬▬▬▬▬▬▬▬▬▬▬▬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
👇👇👇👇👇👇
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 1 / 5. Vote count: 59

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat