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Blockchain projects are among the 25 chosen for the Central Bank's innovation laboratory

Cryptocurrency

Headquarters of the Central Bank, in Brasilia
(Photo: Marcello Casal Jr./Agência Brasil)

The 2020 edition of Lift, the Central Bank (BC) financial market innovation program, already knows the projects selected for this year. The list, which has 25 names, was released this week by the institution.

Lift (acronym for Laboratory of Financial and Technological Innovations) reaches its third edition in 2020. Its objective is to foster ideas and projects related to the financial industry and the activities of supervision and regulation of the Central Bank of Brazil.

The initiative is coordinated by the Fenasbac Institute, together with the BC, and has the support of technology companies such as AWS, Cielo, IBM, Microsoft, Celers, Multiledgers and R3 – the latter two, including, focus on blockchain.

The program is also part of the series of measures undertaken by the Central Bank to foster innovation and modernization in the Brazilian financial system. Among them are PIX, a new instant payment system, and Open Banking.

Selected projects

This year 25 actions were selected, which will start to be developed as of June. See the list below:

  • Digital Forestry Asset – Monetizing Brazilian Natural Resources in Favor of Farmers;
  • BANKHUB;
  • BillApp;
  • BIPP TECHNOLOGY;
  • CAISHEN;
  • Croopi.org – Crowd Cooperation International (Former crowdcapital.com.br);
  • Farm Check;
  • Hallo;
  • Inclusion of Unbanked Family Agriculture;
  • INCO;
  • Julius;
  • KALEA;
  • Left – Solutions Hub for Fintechs;
  • Liv USSD Payments;
  • Lupatech;
  • Maná Consortium;
  • Mara App;
  • Shared Success Model;
  • Poupix;
  • preks – Platform for Digital Assignment of Precatories with Blockchain Registration;
  • Pulsar Credit;
  • Consent Registration – ReConID;
  • TapOnPhone of Symbiotic;
  • X4Fare: Reinventing transport payment;
  • ZAP! Investment.

With an eye on blockchain

The current president of the Central Bank, Roberto Campos Neto, is an avowed fan of blockchain and has defended it on several occasions as an element of innovation in the market.

“I believe that two technologies, mainly, will innovate in the financial world. The blockchain, on the network and registration side, and the use of the cloud, to store user information. Banks are becoming information companies, ”said the BC president during an event in March 2019.

The interest of the BC can also be measured by the participation of the institution's technicians in various events abroad that address blockchain.


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