Public spending transparency, traceability and security,
by monitoring and enabling public verification of all GOV Tokens transactions.
GOV Token
Digital Wallet
Transparency Portal
on Blockchain
GOV Token
Digital Wallet
Transparency Portal
on Blockchain
Before a project is executed with public resources and using GOV Token, it needs to be approved by a public entity which must celebrate a contract with its responsible. GOV Tokens are digital representations of a quantity of money and its value is guaranteed by the public entity. Thus, when financing a project, it doesn’t need to transfer its budget in fiat currency initially, but in GOV Tokens.
Public Entity
Issues GOV Tokens corresponding to the projects budget
Grantee
Signals to the Public Entity that it is ready to receive GOV Tokens
Public Entity
Sends GOV Tokens to Grantee
Grantee
Uses GOV Tokens received for a specific purpose
Employee
Provider
Signals that has performed a certain service or delivered a product and is ready to receive GOV Tokens
Grantee
Sends GOV Tokens to Employee or Supplier
Employee
Provider
Receives GOV Tokens corresponding to the service provided
Signals Public Entity that wants to convert GOV Tokens into fiat currency
Sends GOV Tokens back to the Public Entity
Public Entity
Receives used GOV Tokens
Transfers X fiat currency to the X GOV Tokens received
Employee
Provider
Receives payment in currency corresponding to the returned GOV Tokens
Public Entity
Adds proof of transactions in fiat currency to the Transparency Portal
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Public Entity
Grantee
Employee
Provider
Has access to the information registered on the blockchain in real time and monitors the entire process
GOV Tokens’ key partners are the Public Development Agencies that are financing its development with resources granted through FAPERJ Notice Nº. 18/2019 - "Support to Innovation in Micro, Small and Medium Enterprises in the State of Rio de Janeiro – Innovation RIO".
Studies and Project Financing Agency - Finep. Brazilian Public Agency linked to the Ministry of Science, Technology and Innovations (MCTI). It is a Federal Administration Agency, that finances innovation, from basic research to the development of products for the market.
Carlos Chagas Filho Foundation for Research Support of the State of Rio de Janeiro - FAPERJ. Foster Agency for the promotion of science, technology and innovation linked to the Department of Science, Technology and Innovation of the Government of the State of Rio de Janeiro.
State Development Agency - AgeRio. Mixed capital company, linked to the Rio de Janeiro State Government’s Secretariat for Economic Development, Energy and International Relations.
Promotes social and economic development of the State.
Our vision is to make public expenditure transparent.
Our purpose is to end corruption of public money.
The right to access information guaranteed through real-time public verification.
Independence of intermediaries empowers society by reducing the need to trust others.
Our success is determined by the legacy we leave to the world.
GOV Token is developed by Blockchain Studio, a Investtools Group Company. Founded is 2007, Investtools develops products for the financial market, working with excellence in customer service and with a high level of technological innovations.
GOV Token is a tool to serve citizens and organizations in tracking the use of public resources by allowing access to immutable and indelible data in real time as transactions occur.
In order to build or make something completely transparent, it's critical that anyone can access information without intermediation. The use of Blockchain technology for public spending transparency allows everyone to verify transaction information and trust it without the need to place their trust in a centralized entity.
The adoption of the GOV Token will contribute to the fight against corruption that permeates several layers of the public and private spheres and, in the long term, will improve the quality of the public expenditure.
GOV Token is directly aligned with the Sustainable Development Goals (SDGs) of the United Nations (UN), specifically with the SDG: Peace, Justice and Effective Institutions, by promoting a peaceful and inclusive society for sustainable development, providing the access to justice for all and building effective, accountable and inclusive institutions at all levels.
Contact us and book a conversation so we can tell you more about GOV Token and to learn how we can help your public organization make its expenditure transparent, traceable and secure.
Fill out the form below and
we will contact you: