Bolivia’s Blockchain Proposal to Eliminate Corruption and Create a Digital Market
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- A Bolivia entrepreneur proposes a public blockchain system to handle the nation’s gasoline subsidy distribution with full transparency.
- This blockchain-based system goals to get rid of longstanding corruption and smuggling throughout the present subsidy framework solely.
A Bolivian entrepreneur has launched a technological various to modernize the state subsidy for fuels. Carlos H. Fernández Mazzi, founding father of Finka Token, is directing this initiative to the brand new authorities of Bolivia.
His proposal goals to get rid of the corruption, favoritism, and distortions which have characterised the distribution of this subsidy for years. Fernández Mazzi revealed the entire plan by way of a public doc on his X account.
Subsidio carburantes JUSTO con #BlockchainBolivia
Todos >18 años reciben litros digitales equitativos.
No los usas? Véndelos al #BolsínDigital (precio mercado).
Necesitas más? Cómpralos P2P o en gasolinera.
Transparente, sin corrupción ni favoritismos. ¡Oferta/demanda regula!… pic.twitter.com/IfczNsVpe3— Carlos H Fernandez Mazzi (@CFernandezMazzi) November 16, 2025
How the Digital Marketplace for Backed Liters Would Work
The core concept includes making a digital marketplace for backed liters. This technique can be accessible to all Bolivians over 18 years of age. Administration can be dealt with by way of digital wallets and data on a public blockchain. The proposal ensures traceability, fairness, and citizen management over every transaction.
Every citizen would have the capability to determine the best way to use their month-to-month allocation. The choices embody promoting unused liters on an open, everlasting digital market or shopping for extra liters straight from different residents. Transactions might be carried out at enabled service stations or between people utilizing cellular functions.
The entrepreneur calls this market a «digital change». It will function 24 hours a day, 7 days every week, with costs regulated solely by provide and demand. Based on Fernández Mazzi, this mechanism would take away fertile floor for corruption and smuggling networks.
Blockchain as a Assure of Transparency
All operations throughout the digital change can be recorded on a public and immutable blockchain. This report would get rid of discretion and stop knowledge manipulation. The state wouldn’t ship bodily gasoline however moderately digital consumption rights.
The market can be chargeable for allocating these rights effectively. The proposal specifies that the federal government would solely want to supply an preliminary liquidity fund to activate the market and guarantee its steady operation.
Fernández Mazzi maintains that his strategy isn’t a futuristic principle. He states it’s totally relevant with expertise out there as we speak.
“The state doesn’t distribute gasoline… it distributes digital consumption rights, and the market does the remaining,” defined the entrepreneur. His prior expertise with Finka Token helps the venture’s credibility.
Worldwide Recognition for the Proposer’s Observe File
Forbes states that his work demonstrates how expertise can remodel historically illiquid sectors, like livestock, into liquid, inclusive, and clear belongings. The Finka Token system makes use of sensible contracts to mechanically distribute livestock earnings to token holders.
Every operation is tracked in real-time. The popularity highlights how tokenization is unlocking thousands and thousands of euros in numerous sectors equivalent to artwork, sports activities footwear, and livestock manufacturing.
