A major city in Mexico has created a digital platform to innovate in public administration with various technologies, including blockchain.
The local government of Monterrey is the first in the country that is exploring all aspects of blockchain technology to create new solutions that help it guarantee and maintain transparency and efficiency in its administration. This is what has happened informed The mayor of the city, Luis Donaldo Colosio Riojas, during the presentation of “Monterrey Digital City”.
The new government platform is designed to help the city of Monterrey adopt new technological innovations for its development.
According to the city's mayor, new technologies, such as blockchain, have the potential to provide a series of advantages that can help optimize public administration and lead to a more transparent and efficient government for Monterrey.
The digital platform “Monterrey Ciudad Digital” will make the city a leader in GovTech, an innovative movement that has the mission of simplifying procedures and processes in the city to regain the trust of residents in local government.
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Monterrey, Mexico and Blockchain technology
Blockchain technology, which was born with Bitcoin in 2009, is being widely used in the development of applications and use cases for public administration.
In the case of Mexico, the Latin American country has been making use of this technological innovation to optimize its public procurement system. Mexico has also been implementing the blockchain for the issuance of health certificates for Covid from the company MDS Mexico.
Now, from the city of Monterrey, the capital of the state of Nuevo Leon, the technology has found a new use case in the country. Together with other technologies, Blockchain will help the local government to guarantee a more transparent and efficient management for its current administration.
Colosio Rioja said that with the integration of new technologies, the city will eliminate opacity, slowness and unnecessary bureaucracy.
Innovation: Open Data and Digital Identity
Two vital elements that the mayor of Monterrey highlighted about his new GovTech digital platform were the open data and digital identity.
The first will allow anyone, anywhere, at any time, to access, use and distribute digital data freely, transparently and securely. The second, digital identity, will help create unique identities for each person, citizen or city resident, so that their identity can be verified electronically and uniquely to third parties.
Digital identity is one of the most innovative and promising applications of blockchain technology today.
With all this, the local government of Monterrey seeks to modernize and revolutionize the public sector, to lead the city to provide more efficient services that boost its growth and development.
Cryptocurrencies in Mexico
Although cryptocurrencies are not regulated in Mexico, they have become increasingly common among citizens, thanks to their ability to promote financial inclusion.
In recent months, cryptocurrencies have made significant progress in the Latin American country, which is emerging as one of the next countries in the region that could pave the way for digital innovation.
Several legislators have been pushing for the creation of a favorable regulatory framework for the development and innovation of the crypto industry in the country, while several companies have already begun accepting payments with these digital assets to meet the demands of Mexicans and explore new possibilities for the industry.
In Monterrey, in addition to blockchain technology, the local government will also explore other web technologies, such as Big Data.
Continue reading: Cryptocurrencies in Mexico: An opportunity for financial inclusion
