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Briefing
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- Information Exchange Platform – Banco Central do Brasil (BCB) announced launch of Information Integration Platform for Regulators (Pier), which enables data sharing on blockchain between country’s financial regulators, including the central bank, National Pension Funds Authority, Securities and Exchange Commission of Brazil, and Superintendence of Private Insurance
- Covered Data – Will facilitate data exchange on authorization processes for financial institutions, sanctioning processes, and other information considered to be mutually beneficial to all parties involved
- Project Rationale – Chose blockchain to eliminate need for central authorities, create immutable records of transactions, and streamline data sharing practices between organizations
- Availability – Expected to be available to all parties by end of 2018, after conducting alpha tests
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Accelerator
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Business Model and Practices
Business Model
and Practices
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Sector
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Government (excluding military)
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Organization
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Banco Central do Brasil, National Pension Funds Authority Brazil, Securities and Exchange Commission of Brazil, Superintendence of Private Insurance
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Source
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Original Publication Date
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June 20, 2018
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