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Brazil is testing blockchain technology to overhaul its public-sector real estate auctions. In a first for the country, the Court of Auditors of the State of São Paulo (TCE-SP) will oversee an initiative to log all documents from a public property sale on-chain, aiming to eliminate tampering and reduce legal disputes in high-risk asset sales.
According to the TCE-SP report, the system will record and time-stamp every document linked to the upcoming auction of ten state-owned warehouses. This process converts standard files into “cryptographically sealed te…
Read The Full Article Brazil Targets Auction Fraud with Immutable On-Chain Property Records On Coin Edition.
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