Block.one, a U.S.-based blockchain software developer, recently announced it has joined the LACChain, a global alliance led by the Inter-American Development Bank Group (IDB Lab) to accelerate the development of an open and interoperable blockchain ecosystem in Latin America and the Caribbean. LACChain reported that since its launch, the global alliance has signed multiple partnerships and collaborations. The ecosystem notably has 40 partners in 12 countries in the Latin American and Caribbean region, a figure that grows week by week.
“ACChain has currently two blockchain networks that apply the LACChain framework: the LACChain Consensys Quorum Network (a.k.a Besu) and the LACChain EOSIO Network, which add up to a total of 78 nodes that have generated more than 21 million blocks and that are being used in 24 projects in different phases of deployment, receiving an average of 12,000 transactions per day during January 2021.”
Block.one claims it has become a strategic partner in providing technical expertise, supported by existing infrastructure providers EOS Costa Rica and EOS Argentina, to empower local entrepreneurs and governments using EOSIO to improve economies, supply chains and infrastructure. Speaking about joining the alliance, Bart Wyatt, VP of Blockchain Engineering at Block.one, stated:
“Our goal at Block.one is to change how the world works so that it is more transparent, trustworthy, and efficient, which is why we’re excited to join the LACChain alliance. In this technical advisory role, we look forward to helping LACChain drive adoption and awareness of the EOSIO platform through educational programs, deeper technical collaboration and community engagement initiatives.”
Projects in development include the following:
- DeFi and Tokenized Fiat Money
- ioCash and Peru Compras facilitate business transactions; A cross-border payment initiative involving Inter-American Development Bank (IDB), uses stablecoins to deploy emergency funds to any part of Latin America, in an instant, free and locally redeemable fashion.
- Digital Identity
- Blockcerts Caribe, a real-time digital academic diploma verification system to be implemented in Jamaica, Barbados, Trinidad and Tobago, and 13 other countries in the Caribbean. The association is actively building infrastructure for the establishment of a digital identity system based on Self-Sovereign Identity (SSI).
- Public Infrastructure
- CADENA is a blockchain solution built to improve the cross-border exchange of data between customs administrations across Chile, Colombia, Costa Rica, México, Perú, Bolivia, Guatemala and Ecuador.