EOS expands in Latin America

Block.one wants to promote the entry of EOS into the public sector in Latin America.

Block.one is in fact the developer of EOSIO, and has joined LACChain, the alliance supported by the Inter-American Development Bank Group (IDB Lab) to implement Blockchain solutions in the public sector in Latin America, becoming a strategic partner for the provision of technical expertise supported by existing infrastructure providers EOS Costa Rica and EOS Argentina. 

LACChain is a global alliance led by IDB Lab, with the aim of accelerating the development of an open and interoperable blockchain ecosystem in Latin America and the Caribbean. The alliance has already signed many partnerships and collaborations in the past, so that today its ecosystem has 40 partners in 12 countries in the Latin American and Caribbean region. 

LACChain currently has two blockchain networks within its framework, LACChain Consensys Quorum Network (aka Besu) and LACChain EOSIO Network, with a total of 78 nodes that have generated more than 21 million blocks, and are being used in 24 projects, with an average of 12,000 transactions per day in January 2021.

LACChain leader and Principal Specialist at IDB Lab, Alejandro Pardo, said: 

“LACChain is a techno-legal framework enabling enterprise use of blockchain with transformative impact, not a mere new protocol. We care about performance, usability, and building the technology infrastructure to support further development of applications with impact on inclusion by our communities”.

Block.one’s VP Blockchain Engineering, Bart Wyatt, added: 

“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”.

Finally, EOS Costa Rica co-founder Edgar Fernandez commented: 

“We’ve been providing robust, reliable infrastructure for blockchains for the last 6 years from Latin America, and we’re excited to see how we can accelerate blockchain adoption when we combine our specialized regional expertise to Block.one’s innovation and the broad reach of the IDB”.

EOS projects in Latin America

LACChain can help implement solutions for urgent public sector issues such as economic instability, lack of ID, corruption or lack of accountability in the industrial sector. 

Projects under development are

• ioCash and Peru Compras, for cross-border payments with stablecoins, 
• Blockcerts Caribe, a real-time digital academic diploma verification system, 
• CADENA, a blockchain solution to improve cross-border data exchange between customs administrations.