Mexican Government to Test Blockchain in Public Contracts

According n ational digital strategy coordinator blockchain technology would eliminate the "easily corruptible" human element 
05 April 2018   468

Mexican authorities had been working on the bids tracking project for public contracts with blockchain. This is reported by Coindesk.

Speaking at a tech conference in Jalisco, Mexico's national digital strategy coordinator Yolanda Martinez detailed Blockchain HACKMX, a project she said has been in production since last September. The system was initially developed by a team of university graduates whose design won a contest calling for blockchain solutions that can help improve public services.

Yolanda Martinez, Mexico's national digital strategy coordinator told at a tech conference in Jalisco about Blockchain HACKMX. According to her, project is in the production from Septmber 2017. Initially, the system was developed by a team of university graduates whose design won a contest.

With blockchain applied to public contracts we'll be able to know whether a company that provides services to the government is trustworthy.
 

Yolanda Martinez

National digital strategy coordinator, Mexico

Martinez told attendees that the technology would eliminate the "easily corruptible" human element and introduce transparency to the public tender process. Records of the bidding process will be stored in blockchain with ability to be checked after the fact.

At the momeent, there's no tech info about the project, but Debate's report suggests the project will eventually be rolled out to the public, with the government eyeing it as a solution for state and local governments in particular.

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   95

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.