The city of Sao Paolo in Brazil has included the concept of blockchain in its recently passed municipal data and transparency law as a tech that can be used to help the state complete its tasks.
The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in the future.Little by little, more use cases of blockchain, part of the technology behind cryptocurrency, are being embraced by institutions all over the world.
This has led some experts to believe that the inclusion of this definition in the law is just accidental, as the document fails to indicate any implementation methods. On this, Marcelo Castro, a lawyer for Machado Meyer,Institutions are recognizing blockchain as beneficial in the economy, however, there is no specific command saying how the technology will be used within a schedule, and this brings an enormous risk of going astray in a dead letter of law.
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