The bustling Argentina capital, Buenos Aires, announced yesterday, September 28, that beginning next month, the entire 15 million residents in the city will have access to identity documents through a digital wallet.
According to the statement of the CEO of Extrimian, Guillermo Villanueva, Latin America is taking a huge step towards providing a safer and more efficient future for its government services.
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The city of Buenos Aires and the government of Argentina intend for this monumental step to provide a digital identity that can serve the public good, says the city’s secretary of innovation, Diego Fernandez.
Moreover, this technology allows one person to verify the truth of a statement to another person without revealing any particular information regarding the statement.
Quick Takes
- With the help of QuarkID and zkSync, the capital of Argentina, Buenos Aires, is introducing a digital ID that can enhance its government operations.
- The infrastructure needed to achieve this project is sourced from QuarkID, a digital ID protocol created by a Web3 company, Extrimian.
- Moreover, QuarkID wallets are backed by zkSync Era, a scaling protocol based on Ethereum for using ZK-rollups (zero-knowledge rollups).
- Furthermore, the initial documents this new venture will provide will include marriage and birth certificates.
- In addition, academic verification and proof of income documents will be made available. According to the announcement details, the health data, as well as the payment management, will be provided shortly.
- The broader strategy to roll out this blockchain-based solution all over Argentina will be made known to the public by the end of this year.
What’s Happening In Crypto Today?
At the time of this writing, the price of Bitcoin is at $27,041.64, with a slight rise in market cap by 2.38% and a higher increase in trading volume by 14.65%.
Ethereum, on the other hand, is currently trading at $1,672.24, with a slight increase in market cap by 3.29% and a higher increase in trading volume by 22.93%.
- The USD Coin right now is selling at $1.00, with a slight increase in market cap by 0.33% and a higher rise in trading volume by 21.60%.
- On the side of Cardano, its current price is at $0.2517, with a little rise in market cap by 2.44% and a higher rise in trading volume by 21.69%.
- As for Dogecoin, at this moment, it is trading at $0.06171, with a slight increase in market cap by 1.50% and a decline in trading volume by 8.66%.
