Overview
- All auction documents will be timestamped and registered on an unspecified blockchain to provide an auditable trail.
- The sale will be run by Nordeste Leilões in partnership with blockchain verification firm InspireIP.
- InspireIP’s Caroline Nunes says each file will be cryptographically sealed so any alteration is immediately visible.
- Officials cite persistent problems in Brazil’s auction market, including altered documents, fake sites, and inconsistent records.
- Organizers frame the pilot within Brazil’s broader push into digital ledgers, with projects such as Tanssi’s blockchain microloans, while the auction date has not been disclosed.