When your city goes on the blockchain [View all]
Politico
SAN BARTOLOME PERULAPIA, EL SALVADOR—In September, when President Nayyib Bukele made Bitcoin legal tender in El Salvador, he instantly turned his country into the most-watched official experiment in the cryptocurrency world: How would a nation-state fare by embracing a system designed to work around nation-states?
We'll be looking more closely at that soon. But on a reporting trip through El Salvador this week, something else became clear to me: The country itself is taking this moment as an opportunity to experiment in ways that extend well beyond Bitcoin.
The back end of Bitcoin is blockchain technology — an idea with implications that extend far beyond digital currency. And on the outskirts of the capital, another blockchain experiment is quietly coming together in this town of roughly 10,000 inhabitants dotted with colorful murals.
Over the next year, San Bartolomé Perulapía's 44-year-old mayor, Ronal Ortiz, will oversee the transfer of his city’s land records to a blockchain-based system. The idea is to use NFTs — unique digital records kept on the blockchain — as digital verification stamps for official documents.
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