The auction market in Brazil, which moves billions of reais each year and faces distrust due to scams, fake websites, and questions about public notices, is advancing towards greater digital integrity. Later this year, InspireIP, a technology company specialized in blockchain, will launch an auction environment where all documentation will be fully registered in this technology.

The initiative will be launched by Nordeste Leilões during the auction for the Court of Accounts of the State of São Paulo (TCE-SP), being the first in the country where the entire flow of documents is anchored in blockchain.