Brazil to test blockchain in state real estate auction to reduce fraud, disputes

The São Paulo auction will record every document involved in the process on blockchain, making it a public, traceable, tamper-evident record. What to know : The Court of Auditors of São Paulo will hold Brazil's first public auction using blockchain technology in an effort to increase transparency and reduce disputes. The auction will record every document involved in the process on a blockchain, making it a public, traceable, tamper-evident record. The initiative aims to address issues such as document tampering in Brazil's auction market and could pave the way for further adoption of blockchain technology in the country.