The city of Bilbao, Spain is in the latest blockchain news on our cryptocurrency news site, this time for launching a tender worth 150,000 Euros (approximately $171,000) in order to develop a blockchain service for public services.
First announced in a press release issued by Bilbao’s municipal authorities, the officials of the largest city in the Basque country are set to create a decentralized platform that will be designed to allow people to act with “power of attorney” online. As the release notes, the deadline is set for November 23rd.
The company which will be awarded this contract has to develop the blockchain network within six months. As the technical description of the tender reads, the winning company should also build a network similar to EJIE which is a digital platform owned by the government of the Basque country.
Moreover, Bilbao’s authorities want to facilitate the data exchange between different public institutions, implying interoperability with EJIE. According to the officials, blockchain technology will help store citizens’ data in a better way, preventing hacks and alterations.
As reported earlier on our site, Spain remains one of the forward-thinking countries which promote blockchain optimism on many levels. Previously this year, the community of Aragon announced a new blockchain platform on a state level, followed by the city of Valencia which also stated it was creating a “smart port” to improve logistics and cut costs as one of the busiest ports in the city.
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“a) exchange between crypto assets, b) transfer of virtual assets, and c) participation in and provision of financial services related to an issuer’s offer and/or sale of a crypto asset.”Cyprus is one of the seven EU member countries that have already released a declaration that aims to promote the use of DLT in the region. Last fall, the national investment partner in the country, Invest Cyprus, signed a Memorandum of Understanding with VeChain Foundation from Singapore in order to work on multiple national level investment strategies that will be blockchain based.
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“Blockchain technology has established a highly mutual trust data sharing mechanism among tax authorities, invoice service providers, taxpayers and other parties. This is a major reason for the tax authorities to take a new step in deepening the [technological] reform [by] the distribution services.”Back in December 2018, one of the bigger cities in the Guangdong province-Shenzhen announced its success story of how blockchain technology helped with the tax invoices via the messaging app WEChat payment platform. Also, last year in November, the capital of the Guangdong and one of the most developed economic zones in China, Guangzhou, was chosen as a headquarters city for the new blockchain alliance. The alliance involves 54 different companies and is promoting blockchain technology in finances and trading. Countries around the world are opting for blockchain-based tax solutions because of the higher efficiency and transparency.
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