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ARTICLE · 28 NOVEMBER 2018

Ordinance Determines That The Federal Revenue Service Shall Adopt A Data-Sharing Mechanism Through Permitted Blockchain

On November 19th, 2018 the Brazilian Federal Revenue Service (BRS) issued Ordinance No 1,788 determining the adoption of a data-sharing mechanism based on blockchain technology, until July 31st, 2019.

BrazilTechnology

On November 19th, 2018 the Brazilian Federal Revenue Service (BRS) issued Ordinance No 1,788 determining the adoption of a data-sharing mechanism based on blockchain technology, until July 31st, 2019.

Currently, the General Coordination of Information Technology (Cotec) manages the data sharing by the BRS with other agencies and bodies of the Brazilian Public Administration. Upon receiving a formal request for data, Cotec authorizes the relevant BRS IT service provider to release the information requested.

According the new rules, as of July 31st, 2019, the BRS will no longer replicate data, but rather only use blockchain or other means authorized by Cotec to circulate original data.

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