"Real estate auctions in Brazil are transforming with blockchain."

First Public Tender Supported by Blockchain in São Paulo

Brazil, the São Paulo Audit Board will conduct the country's first public tender using blockchain technology to increase transparency and reduce disputes. This innovative approach will record all documents involved in the bidding process on a blockchain. Thus, these documents will become public, traceable, and immutable records.

This initiative aims to address issues such as document manipulation in Brazil's procurement market. At the same time, it could pave the way for the wider adoption of blockchain technology in the country.