Buenos Aires Partners With ZKSync for Blockchain-Based Digital Identity
The City of Buenos Aires has announced a new collaboration with ZKSync, allowing 3.6 million citizens to use blockchain technology for their digital identity. Over 60 documents are accessible through this platform.
QuarkID, the new system, is built on a previous digital identity program, ensuring greater privacy and security through trustless blockchain technology.
Argentina’s Blockchain Platform
Buenos Aires and ZKSync announced QuarkID on October 22, promising to prioritize individual privacy. QuarkID will use blockchain technology and zero-knowledge cryptography to give 3.6 million eligible citizens new access to government services.
Read More: What Is Digital Identity?
ZkSync joined this project after a period of all-time valuation lows . By July 2024, the network’s active addresses dropped by 66%, and its ZK token has seen consistent doldrums since. A new high-profile collaboration like this could give the company added notoriety and contribute to a rebound.
ZkSync Price Performance. Source: BeInCryptoThis QuarkID program was built on top of miBA , Buenos Aires’ preexisting digital profile platform. All miBA users now have access to this blockchain solution, which offers several upgrades. In short, QuarkID focuses on backend enhancement; a similar user experience, but behind-the-scenes trustless software keeps personally identifiable information off government servers.
The incorporation of zero-knowledge blockchain technology into the City’s digital identity system is…[a] milestone that positions us globally… and… demonstrates that… Buenos Aires is at the forefront of innovation. [It] is a fundamental step toward… more secure and transparent digital solutions,” said Jorge Macri, Chief of Government of the City of Buenos Aires.
This digital identity program is just one step in the widespread adoption of crypto and blockchain in Argentina. Since the pro-Bitcoin candidate Javier Milei won the Presidential election last year, many new endeavors under the Web3 umbrella have begun there. Hence, Buenos Aires, the capital of Argentina, serves as a natural starting point for such initiatives.
Read More: Crypto Adoption in Argentina: Everything To Know
In summary, QuarkID aims to offer millions of users a secure option for many government services. Birth, marriage, and death certificates, driver’s licenses and vaccine records, tax information, and over 60 other documents will be available. Moreover, ZkSync’s trustless blockchain technology will keep all this information private for Argentinian citizens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Leaked Pokémon TCG Pocket Cards hint at upcoming Wonder Pick and Solo events
Share link:In this post: New Pokémon TCG Pocket cards have been leaked ahead of December’s Wonder Pick and Solo Battle events. The cards revealed during the leak include Bulbasaur and Magnemite. The leaked cards will play a central role in a Venusaur PvE event starting November 29th.
Animoca Brands invests in Igloo Inc to boost consumer NFT activity
Share link:In this post: Animoca Brands will participate in an undisclosed strategic round for Igloo, Inc. Pudgy Penguins remains a top 3 blue chip NFT collection. Pudgy Penguins spreads as a physical item brand, which will also have its own L2 network, Abstract.
OKG Research: The reverse on Trump trades, BTC as a hedge against inflation, and BTC ownership
Share link:In this post: OKG Research revealed in a recent report that the markets corrected yesterday, causing worry among investors. The report still outlined the use of BTC and other crypto as a hedge against macroeconomic factors that unsettle markets. OKG Research also revealed the growing adoption of BTC among globally listed companies.
The Daily: US appeals court rules OFAC exceeded its authority in Tornado Cash sanctions, WalletConnect launches its first airdrop season and more
The Fifth Circuit Court of Appeals ruled on Tuesday that the Treasury Department’s Office of Foreign Assets Control (OFAC) ”overstepped its authority” by sanctioning crypto mixer Tornado Cash, reversing a lower district court decision.WalletConnect has launched its first airdrop season and eligibility checker, allocating 50 million of the total supply of 1 billion WCT tokens to over 160,000 users, including builders and contributors.A Brazilian lawmaker has introduced a bill to create the Strategic Soverei