The Ministry of Economy may soon use a blockchain system to track invoices Several segments, including municipalities, companies, governments, and city councils that receive transfers from the federation.
According to the Ministry of Economy, the program called “Blockchain in Resource Transfers from the Union” is an application that allows reading barcodes (QR Codes) for invoices, so that artifacts are generated, During the transfer process, it is recorded and stored securely, with no possibility of future changes.
The ministry stressed that “this time and continuous record will ensure speed, transparency and security in presenting accounts, whether for the borrower or for the recipient of public funds.”
The application can be used in any technological environment (multi-platform) and can be accessed in an Internet (web) environment compatible with mobile devices (smartphone and tablet), Using blockchain technology, artificial intelligence, and supporting libraries.
The Ministry of Economy intends to absorb the software, Donated to the Ministry by Station B8, to Plataforma +Brasil, Because that would provide greater control over accountability, which is one of the major bottlenecks in the public resource transfer cycle.
How does the program work?
Fabiano Cardoso, executive director of the B8 station, explained to L.L.C CryptovacilThat the application donated to the Ministry of Economy uses technologies other than blockchain.
“It uses blockchain technology along with other technologies like IoT, artificial intelligence, etc., to model customer needs.”
Cardoso also says that B8 is seeking international standards in technology, in order to leave Brazil on the same level. He adds that this work could solve a serious problem The problem faced by the supply chain of a critical sector of the country.
“Protocols of international origin and quality control have been used in first world countries for some time. What we are doing here is putting Brazil on the same level, adapting the technology to the realities of our country. A simple example can be taken from the export of meat, as Brazil suffers from numerous restrictions on its product due to Untraceability and Origin In this context, we have already begun bold action that will be a global reference, to fill this gap.
José Maxwell Tavares, B8 Station Development Manager, talked about how the system works in practice:
“By reading the QR codes found on invoices and antiques [notas fiscais, por exemplo] It is recorded and stored securely on the blockchain, which is an immutable technology, with no possibility of future changes.”
Tavares explains how technology benefits the accountability process:
“This temporary and continuous registration of artifacts will ensure faster, more transparent and secure provision of accounts, both for the borrowing entity and for the entity receiving public funds. This application has been developed for use in any technological environment (multi-platform) and for access to the Internet environment (web), compatible with Mobile devices (smartphone and tablet, for example), using blockchain technology and artificial intelligence.
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.