Spain’s Bilbao Invites Tender to Build Public Blockchain Network

Bilbao’s municipal authorities have invited quotations from suitable firms to create a blockchain for public services at Bilbao, the biggest city in northern Spain. The value of the tender is €150,000 (roughly $171,000).

Authorities of the biggest city in Basque nation need to make a decentralized platform, planned to permit one to act with “power of attorney” online. The due date to apply for the tender is set on November 23. A company that will be granted the contract has got to create the blockchain network in less than six months.

Per the specialized description of the tender, the winning company ought to construct a network comparable to EJIE — an advanced platform operated by the Basque country’s government.

EJIE, in its turn, works on JPMorgan’s Quorum, a distributed record and smart contract platform planned for budgetary needs and based on the Ethereum (ETH) blockchain.

By utilizing blockchain and smart contracts, Bilbao’s authorities need to encourage the information exchange between distinctive public institutions, inferring interoperability with EJIE. The authorities accept that blockchain innovation will offer assistance to store citizens’ information securely and avoid hacks and modifications.

Spain continues to be one of the “primary illustrations of blockchain optimism” on numerous levels. As of late, the Spanish independent community of Aragon declared it would give blockchain administrations to citizens on a state level. Afterward in October, one of Spain’s busiest ports based in Valencia expressed it was making a “smart port” to enhance logistics and slash costs.

In April, the U.S’s JPMorgan Chase began testing its blockchain solution Quorum with associates such as Goldman Sachs, Pfizer Inc., and the National Bank of Canada. In September, the software received interest from over 75 multinational banks, including Societe Generale and Santander.