Bilbao Launches $171k Tender To Build Public Blockchain Network

Bilbao’s municipal officials announced that it has launched a €150,000 (around $171,000) tender to develop a blockchain for public services.

Authorities of the largest city in Basque country intend to create a decentralized platform, created to enable clients to act with “power of attorney” online. The due date to apply for the tender is set on November 23rd.

An organization that will be rewarded the contract has to develop the blockchain network between half a year. According to the technical description of tender, the company that wins should build a network like EJIE – a digital platform owned by the Basque country’s country. EJIE also works with JPMorgan’s Quorum, a distributed ledger and smart contract platform designed for financial needs and based on the Ethereum (ETH) blockchain.

Bilbao’s authorities want to enable the data transaction between different at institutions by utilizing blockchain and smart contracts implying interoperability with EJIE. The authorities believe that blockchain technology will help save citizens’ data safely and avoid hacks and alterations.

As cointelegraph reported before, Spain is still “primary examples of blockchain optimism” on different levels. Not long ago, the Spanish autonomous community if Aragon declared it would offer blockchain services to residents on a state level. In October, one of Spain’s busiest ports based in Valencia claimed that it was creating a smart port to enhance logistics and reduce costs.

In April, The JPMorgan chase began testing its blockchain platform Quorum with associates like Goldman Sachs, Pfiziers Inc and the central bank of Canada. The platform was joined by more than 75 multinational banks including Societe Generale and Santander in September.