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Boulos (PSOL) uses blockchain technology to authenticate donations in the campaign in São Paulo – SP

Candidate competing for the second round in the capital has already received more than R$1.2 million in donations.

Boulos (PSOL) uses blockchain technology to authenticate donations in the campaign in São Paulo – SPNOTÍCIAS

The blockchain technology of Cryptomoeda Decred (DCR) is playing an important role in the campaign for the City Hall of São Paulo – SP led by the candidate Boulos (PSOL).

According to the candidate’s collective funding project, all donations from individuals will be registered through the Legal Vote application, which authenticates receipts through blockchain technology.

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This way, with the application it will be possible to offer „authenticity of transactions, promoting reliability in the electoral donation process“, according to the website „Doe Boulos“. In total, donations to the candidate have already exceeded R$1.2 million for the second round of the 2020 elections.

Boulos records donations in blockchain
São Paulo mayor candidate Guilherme Boulos (PSOL) is registering all the donations he receives in cash for the campaign in the blockchain of Decred (DCR) through the Voto Legal application.

In other words, the blockchain registration Crypto Engine happens both for donations with the credit card and for those who decided to support the candidacy through a bank slip.

„All donations are registered in Decred’s blockchain in order to guarantee the authenticity of the transactions, promoting reliability in the electoral donation process“.

Thus, the Voto Legal application can register all donations that the candidate Boulos (PSOL) receives. However, a maintenance fee may be charged by the platform.

„A 5.5% fee via credit card or 3.5% + R$2.99 via boleto, this amount is destined to financial operation fees, anti-fraud control systems, taxes and infrastructure“.

Boulos and Erundina are in the second round in São Paulo – SP (Reproduction/Facebook)

Campaign for the 2020 elections
The candidate’s collective funding campaign continues in the second round for the city hall of São Paulo – SP. Thus, after reaching the goal of R$ 1.2 million, the next step for Boulos is to exceed R$ 1.5 million in donations for the campaign.

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With this amount collected, Boulos hopes to continue fighting the fake news that hit the candidate for the City Hall of São Paulo – SP. In addition, the website „Doe Boulos“ states that the money received may be used in other campaign activities.

„For us, this value represents having the same basis of communication of the first round – which made us grow and go down in history – the expansion of the fight against fake news, the extended preparation for TV and new actions in the streets and networks.

Legal Voting Application
The Voto Legal application is a donation platform for collective funding of electoral campaign in Brazil, registered with the Superior Electoral Court (TSE). With over R$2.5 million raised, Voto Legal has already been used in over 500 campaigns in the 2020 elections.

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Aimed at donations from individuals, the application has donation limits of up to R$ 1,064.10 for each donor. According to Voto Legal, more than 15 thousand people have already used the application that issues receipts and records donations through blockchain technology.

Besides the Voto Legal application, there is another initiative that uses blockchain technology that can be used in other electoral processes in Brazil. Called BNDESToken, the bank develops a digital asset project that can be used as „currency“ in donations to candidates.

With donations registered at blockchain Boulos, the bank will compete in the second round alongside former mayor Luíza Erundina (PSOL), facing Mário Covas (PSDB) at the polls. The second round of elections in 2020 will take place on 29 November, according to the TSE calendar.

Translated with www.DeepL.com/Translator (free version)

Author

info@eurocarecf.eu