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Interested in demonstrating their solution should forward their proposals to the Bank by 11/7
The National Bank for Economic and Social Development (BNDES) launched this Thursday, 6th, a public consultation to seek components that use blockchain technology and can compose the BNDESToken solution. The objective is to identify solutions for managing accounts, monitoring transactions and associating accounts with CNPJs or CPFs compatible with a blockchain that uses smart contracts that can be integrated with BNDESToken. Interested parties must submit their proposals to the Bank by November 7th.
BNDESToken is a solution designed to track the application of public resources in credit operations with public entities and non-reimbursable operations, providing society in a transparent way with information on how these resources are promoting the country's development.
Each unit of the BNDESToken is equivalent to R$ 1. In practice, therefore, the BNDESToken works as a digital representation of the real released by BNDES in some types of operations, analogous to a title demonstrating a credit for future receipt of the resource.
The solution prototype was implemented using smart contracts from the Ethereum network. The central part of the solution consists of an ERC-20 contract that represents the BNDESToken. The contract contains the balances of all entities that have BNDESTokens and provides methods such as transferring resources, issuing and destroying the token, in addition to viewing the balance.
To use the BNDESToken prototype, customers and suppliers need to create accounts on the Ethereum network and associate these accounts with their CNPJ using a standard ICP-Brasil digital certificate. After this association is made, the BNDES can release funds to the customer's account. The client can use the solution to pay suppliers that are providing services for the project financed by BNDES. After receiving the BNDESTokens, suppliers must request their redemption from BNDES, the only option to convert them into reais.
In a proof of concept already carried out, the BNDES demonstrated the feasibility of the BNDESToken. Now, the Bank seeks to advance in the implementation of new components, aiming at creating a robust solution that meets the functional requirements and considers important issues such as usability and security.
As a result, gains are expected in the application of better market solutions for each of the challenges encountered and in stimulating the market for solutions related to blockchain technology in Brazil.
More information about the requirements of the solution to be incorporated into the BNDESToken is available in the Public Call Notice on the website: www.bndes.gov.br/consultablockchain.
BNDESToken is a solution designed to track the application of public resources in credit operations with public entities and non-reimbursable operations, providing society in a transparent way with information on how these resources are promoting the country's development.
Each unit of the BNDESToken is equivalent to R$ 1. In practice, therefore, the BNDESToken works as a digital representation of the real released by BNDES in some types of operations, analogous to a title demonstrating a credit for future receipt of the resource.
The solution prototype was implemented using smart contracts from the Ethereum network. The central part of the solution consists of an ERC-20 contract that represents the BNDESToken. The contract contains the balances of all entities that have BNDESTokens and provides methods such as transferring resources, issuing and destroying the token, in addition to viewing the balance.
To use the BNDESToken prototype, customers and suppliers need to create accounts on the Ethereum network and associate these accounts with their CNPJ using a standard ICP-Brasil digital certificate. After this association is made, the BNDES can release funds to the customer's account. The client can use the solution to pay suppliers that are providing services for the project financed by BNDES. After receiving the BNDESTokens, suppliers must request their redemption from BNDES, the only option to convert them into reais.
In a proof of concept already carried out, the BNDES demonstrated the feasibility of the BNDESToken. Now, the Bank seeks to advance in the implementation of new components, aiming at creating a robust solution that meets the functional requirements and considers important issues such as usability and security.
As a result, gains are expected in the application of better market solutions for each of the challenges encountered and in stimulating the market for solutions related to blockchain technology in Brazil.
More information about the requirements of the solution to be incorporated into the BNDESToken is available in the Public Call Notice on the website: www.bndes.gov.br/consultablockchain.
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